UK PPI Record; Deutsche Bank LBO Fire Sale
Rampant Inflation in The UK...
U.K. producer prices rose +0.9% in March, hitting the highest annual rate since 1991...
because of record increases in raw material costs, which rose 20.6% on the year, the most since records began in 1986.
We repeat our mantra; anyone claiming that inflation or stagflation is not in double digits is either a paid liar, a fool, or both.
In our foreign legion of dishonor... Deutsche Bank, is seeking buyers for its backlog of unsold leveraged buyout loans.
Germany's biggest lender ahd $57 billion of LBO loans at the end of 2007, including $22 billion it already lent.
Deutsche Bank has about 25% of the $200 billion of leveraged buyout debt held by banks worldwide.
Sillybank, AKA Citigroup says has the 2nd biggest share at $43 billion.
U.K. producer prices rose +0.9% in March, hitting the highest annual rate since 1991...
because of record increases in raw material costs, which rose 20.6% on the year, the most since records began in 1986.
We repeat our mantra; anyone claiming that inflation or stagflation is not in double digits is either a paid liar, a fool, or both.
In our foreign legion of dishonor... Deutsche Bank, is seeking buyers for its backlog of unsold leveraged buyout loans.
Germany's biggest lender ahd $57 billion of LBO loans at the end of 2007, including $22 billion it already lent.
Deutsche Bank has about 25% of the $200 billion of leveraged buyout debt held by banks worldwide.
Sillybank, AKA Citigroup says has the 2nd biggest share at $43 billion.
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