Holger Zschäpitz is market maniac @Welt and Author of 'Schulden ohne Sühne?' a book on states' addiction to debt. Pics: https://t.co/0T7FGGZvLQ
http://www.welt.de/autor/holger-zschaepitz/ 15-05-2009 00:26:19
The most absurd The Economist cover right after the oil price forecast $5 in 1999. Make no mistake:
Debt to GDP ratio Italy: 150%, UK: <100%,
Econ growth since 1999 Italy: 7.7%, UK: ~40%.
Total MktCap stock mkt Italy: $484bn, UK: $2,519bn.
UK #Inflation returns to double digits as food & energy prices soar: Sep CPI rose 10.1% YoY from 9.9% in Aug, matching a 40y high reached in Jul & exceeded economists' expectations for 10%. Bank of England & govt under pressure to act, as UK Base rate w/2.25% way below inflation.