Reasons to Be Fearful as Italian Yields Spike      • HOPE is
eternal especially when backed by HOPIUM!         There is a
clear discrepancy between what is happening at macro level as
well described by the bond market and the increase of the spread
and how people live in Italy.        In the North, except in the
suburbs of major cities, it is clear there is wealth. Nice cars,
full restaurants and hotels during the weekends. I can go on
with examples to prove that people have a good lifestyle.
It should not come as a surprise that in Italy there is one of
the highest rates of home owners and ‘fat’ savings accounts.
And this is now my question: Is it possible that, rather than
the single individual (middle class) that is living within his
disposable income, it is simply the government that is spending
more than it can afford consequently raising more debt? These
guys to me do not understand how to manage the billions of Euros
of income they get from taxes, VAT, etc. ‘They’ have created
such an expe