The Prudent Investor

Former Terrorist State Now Bailing Out Italian Banking Giant

prudent — Wed, 22 Oct 2008 12:23:00 -0400

In a bizarre twist of fates the former Italian colony Libya, once branded a terrorist state by the USA, takes part in bailing out Italy's second largest bank, Unicredit. read more »

GUEST POST: Silver Goes Institutional

prudent — Fri, 20 Nov 2009 00:08:00 -0500

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
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Austrian Banks May Be Less Stable Than Their Figures Show

prudent — Mon, 16 Nov 2009 13:06:00 -0500

All cannot be as well in the Austrian banking sector despite opposite announcements from the banks themselves. read more »

4 EU Countries Resist US Access on European Transaction Data

prudent — Thu, 12 Nov 2009 10:10:00 -0500

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 . read more »

Man Tries To Sell 1 Ounce Gold Coin for $50 - NO Takers

prudent — Wed, 11 Nov 2009 17:43:00 -0500

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
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Money Creation Explained in 34 Seconds

prudent — Thu, 05 Nov 2009 21:13:00 -0500

Yeah folks, that's what central banks do. Hat tip goes to Burning Our Money
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ECB Does Nothing, Indicates Monetary Tightening

prudent — Thu, 05 Nov 2009 16:18:00 -0500

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
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EU Commission Asks Those Banksters who Caused Crisis for Solutions, Critics Say

prudent — Thu, 05 Nov 2009 15:21:00 -0500

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? read more »

FOMC Statement: Fed on Autopilot, Will Reduce Buying Agency Paper

prudent — Wed, 04 Nov 2009 16:01:00 -0500

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
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Worldwide Income Tax Survey

prudent — Wed, 04 Nov 2009 05:28:00 -0500

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
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