The Week Ahead: Can The Cyprus Fallout Be Contained?
Jeff Miller | Mar 25, 2013 01:31AM ET
In a holiday-shortened week I expect the Cyprus story to remain on the front burner this week. As I write this post, there is no firm proposal. Whatever is proposed will be bad news for some and therefore great news for pundits and the media. Since we have little earnings or economic news, the field is open for speculative commentary.
The best case in Cyprus will still have negative features. Can the fallout be contained?
I intentionally used the "C word" despite knowing that it invites the smart-aleck comments. Many believe that a major lesson from the subprime debacle was that policymakers (famously Bernanke) thought that the impacts could be contained. This example is raised whenever someone tries to get a handle on the possible impact of some event.
You might be able to guess what I think about this, but I'll elaborate in the conclusion. First, let us do our regular update of last week's news and data.
Background on "Weighing the Week Ahead"
There are many good lists of upcoming events. One source I especially like is the weekly post from the WSJ's obsessed by the negatives ."
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