It is a special delight to present the following guest post by Sean Rakhimov, editor of silverstrategies.com , who sees first notable moves from institutional investors into the silver sector. The Institutionalized Silver Marketby Sean Rakhimov Where were are The new realities of the pre ... Read more

All cannot be as well in the Austrian banking sector despite opposite announcements from the banks themselves. Although Raiffeisen Zentralbank (RZB) , Unicredit subsidiary Bank Austria and Erste Group reported operating profits in Q3 2009 only last week (click links for quarterly reports in En ... Read more

The most highly indebted nation in the world, the USA, is running into a bulwark of resistence in its strive to record European bank transaction data, Austrian daily Kurier reported on Thursday . According to the report the USA wants to access all money transfer data and snoop into European banks ... Read more

I am a bit busy this week, attending 2 conferences which I will cover later. One concerned " Covering the Crisis " and the other one is about "Ways to a new financial order" organized by the Vienna Institute for International Dialogue and Cooperation In order to reassure you that we are not ev ... Read more

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