Wall Street got off to a rocky start this week as profit-taking pressures emerged following news from the eurozone over the weekend. Cyprus is reportedly considering plans to impose a tax on bank depositors, a precondition for receiving a $13.08 billion bailout form the European Commission, the ECB and the IMF. Many fear that this drastic policy action could spill over to other nations in the currency bloc, namely the severely debt-burdened Italy, Spain and Greece. [see 3 Economic Charts Bears Love To Ignore].
Below we outline seven insightful articles circulating around the financial space this week:
- Dollars and Nuggets Part II: Spain, Cyprus, and the Future at AllAboutAlpha
News of Cyprus’s drastic proposed policy measures has dominated Wall Street this week, leaving many to speculate what the impact of such a move would be. In this article, Christopher Faille discusses how he thinks the dollar and gold will react.
- The Many Failures of the Personal Finance Industry at Abnormal Returns
Recent reports show that Americans are saving far too little for retirement, and that traditional strategies–like the 401(k)–are proving to be a disaster. In this piece, Tadas Viskanta outlines his views on the financial services industry and its role in helping savers.
- Bears Attack Canada at ENNlightenment
Canada’s economic position has come under attack in recent months, with many citing concerning red flags int he country’s housing market. In this article, Enn Kuutan takes a closer look at Canada’s housing statistics and compares them to the U.S.’s bubble in 2008.
- The Mouse that Roared at Financial Sense
In addition to the speculation concerning the impact of Cyprus’s proposed tax plans on the market, economists are also chiming in, explaining how these measures could spill over into other eurozone nations. In this article, Bob Eisenbeis discusses the significance of the small island nation in the currency bloc’s debt debacle.
- Craig Pirrong on How Speculation Impacts Commodities at OpenMarkets
Commodities have long been embraced for their lucrative returns and inherent volatility. In this video, Professor Craig Pirrong of University of Houston discusses his thoughts on the role speculation plays in commodity markets.
- Too Big To Fail Intensifies at Points and Figures
Out of the financial crisis of 2008, perhaps one of the biggest issues has been the concept of “too big too fail.” In this piece, Jeff Carter discusses his views on the issue and his thoughts on the governments regulatory policies.
- Weighing the Risks: Junk Bond or Equity ETFs? at AdvisorOne
Junk bond ETFs have surged in popularity over the last few years, as investors have been enticed by the asset class’s high yields. In this insightful piece, Joyce Hanson highlights how junk bond yields have started to fall in recent weeks, leading many to turn to other corners of the market, particularly dividend ETFs.
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Disclosure: No positions at time of writing.