It has become rare under ever tightening money transfer laws - allegedly because this helps fight "terrorism" - to be able to issue an alert that may help those cautious Germans who survived the markets Tsunami of 2008 to repatriate money from tax friendly Austria back home. Legions of German sa ... Read more

This blogger is proud to have become part of a webring of select and motivated economists initiated by blogger pal Edward Hugh. Ed applies Facebook's advantages so one can read all realtime arguments or comments on macroeconomic issues on one page instead of having to open n emails (yesterday 400 ... Read more

I love this quote more and more with every day: Gold is the Money of KingsSilver is the Money of MerchantsBarter is the Money of PeasantsDebt is the Money of Slaves Hat tip to Duncan Robertson ... Read the full post ... Read more

It's summertime and the livin' is... (fill with adjective best describing your situation.) The European Central Bank (ECB) has gone into a wait and see mode, leaving main interest rates unchanged and forecasting a return to mild inflation after Eurostat had issued a 0.1% deflation figure for June ... Read more

Big money does not equate with being rich. I would say fiat money systems have not improved in the last 100 years. Hyperinflation always has the same face ... Read the full post ... Read more

--UPDATED WITH SPREAD CHART-- One can literally feel a breather of relief that blew some fresh air in the Vienna city, 3 square kilometres densely packed with the executive offices for Austria's financial and economic upper crust. The Angst about more criticism on Austria's economic position af ... Read more

Wishing that the Bank for International Settlements ( BIS ) had issued its annual report 2009 a day earlier - when Vienna drowned in torrential rain - I nevertheless attempt to provide readers with an executive summary that the central bank of central banks has omitted in its version. This le ... Read more

Having had very serious thoughts about the gargantuan problems of tiny Austria's banking sector stemming from overly euphoric attempts to financially recolonize Austria's long gone emporium since the end of 2007 bits and pieces of information begin to confirm this blogger's suspicions that Aust ... Read more

Preparing this rant about the widening milkyway between Eurozone economic growth and Euro production in the ECB and its printing presses spread evenly amongst Euro members proves one more time that the absoluteness of financial math and official figures are 2 pairs of shoes. Calculating GDP growth i ... Read more

Shocked by the fact that lamestream media and Twitter are all about Michael Jackson's death from what appears to be a drug overdose, I enjoy being the spoiler for a world that seemingly does not know how to set its priorities anymore. While 33 of the 42 commercial media I regularly read headline wit ... Read more