It was a tumultuous week in both equities markets and credit markets. In the EU, several troubled countries saw their bond spreads over German bunds spike to record levels, especially Ireland. Earlier in the week, Ireland was steadfast in their denials that they would entertain an EU/IMF-financed bailout but by Friday, it appeared as though some sort of deal was imminent. Their initial reluctance was the notion that it would be politically unpopular within Ireland to accept a bailout that would impose restrictions such as increasing their famously low corporate tax rate, and imposing Austerity Measures. However, when interest rates spreads reach an untenable level, the market has a way of forcing the hand, and now it appears as though bondholder debt will be transferred to EU taxpayers (and US to some degree since we contribute to IMF funding to the tune of about 20%).
Enough of that market stuff though, how about what’s hot in the blogosphere the past week? Here are some of my favorite reads and sharing some love with the Yakezie, my Freelance outlets, and Carnivals that featured my content:
Best Reads from Bloggers I Admire:
Gonzalo Lira – Is Europe Coming Apart Faster Than Anticipated?
Nouriel Roubini – Irish Woes Should Speed Europe’s Default Plan
Political Calculations – The Skyrocketing Compensation of Federal Employees
Five Cent Nickel – What is Price Targeting and How Does it Affect You?
Fiscal Fizzle – How Much is Drinking Costing You?
Oblivious Investor – International Bond ETFs and Funds: Should You Own Them?
Yakezie Network (10 of those that I admire too – Bonus!)
Consumerism Commentary – New Jersey Ranks Fourth for Innovative Companies
Financial Samuari – Fixing the Airline Industry
Wealth Pilgrim – Laid Off How People Survive
Canadian Finance Blog – 5 Non-Essential Expenses that are Bleeding your Budget
Frugal Zeitgeist – Homemade condiment recipes
Sweating the Big Stuff – Memories that Will Keep Me from Moving Again
My Journey to Millions – Why Do Short Sales or Strategic Defaults Even Happen
Dividend Monk – Use It Or Lose It
Stuff I wrote for Wisebread:
Stuff I wrote for American Express Currency:
- 4 ETFs to Benefit from the World’s Nuclear Power Needs
- Top ETF Gainers of the Week to Watch
- 7 ETFs That May Benefit from Election and QE2 Results
- The Ireland Crisis and What It Means to the World
- Yes, A College Degree is Worth It – If Your Major Isn’t Useless
Here are Darwin’s Money:
- How Inflation Screws the Poor the Most
- I Fought The Deficit and The Deficit Won.
- Top MBA ROI: Day 1 Data Shows Huge Returns
- US Deficit Panel Recommendations: Cuts, Cuts, Cuts
- Can My Company Fire Me Over Trash-Talking on Facebook?
Carnivals that Featured my Content:
…I just realized I wrote a hell of a lot of stuff in the past 2 weeks. Can I go to bed now?