Yeah folks, that's what central banks do. Hat tip goes to Burning Our Money ... Read the full post ... Read more

Leaving its key interest rate unchanged at 1% on Thursday, the European Central Bank (ECB) appears to remain in standby mode, keeping financial institutions flush with cheap liquidity. The only new twist in President Jean-Claude Trichet's repetitive flood of calming words came in the Q&A session ... Read more

The EU Observer has come up with a very good question: Why are those who caused the financial crisis are now consulted by the EU Commission in order to come up with a solution? I may add the question: Why are the bonus-greedy destroyers of global prosperity are still on their jobs at all? ... Re ... Read more

The Federal Reserve is set to continue its ZIRP (zero interest rate policy) until spring 2010. According to the statement released after the latest 2-day meeting of the Federal Open Market Committee (FOMC) the Fed kept its key interest rate unchanged at the level of 0% to 0.25%. While the Fed sees ... Read more

This is a most useful piece of information for all restless Internationalistas who are looking for a tax friendly residence. KPMG has done a global survey on income taxes. As everybody's tax situation is different I recommend to download the whole PDF document and take your own conclusions. Last ... Read more

The gold bull market becomes more interesting with every day. Based on disastrous economic fundamentals it now seems to be able to withstand hits of any size. In a surprising move the IMF announced on Tuesday (CET) that it had sold 200 metric tons of gold to India in the last two weeks, valuing th ... Read more

As Obamacare dominates the American lamestream media, the fundamentally most important news for oil and the dollar was to be found first in the Theran News on October 27. The Iranian Oil Bourse was finally inaugurated last Monday, after such a statement was already made in February 2008 , leaving ro ... Read more

Although I do not accept ads to exclude any possible conflict of interest as I run this blog as a non-commercial service to help my own investment decisions, I think it is nevertheless time for a bit of shoulder patting concerning the success and reach of this blog after the first 700 posts. Always ... Read more

This English-French rap video reflects today's world very well. Enjoy it. H/T Victor! ... Read the full post ... Read more