@zerohedge The very first thing in a typical MOU is something like, "This MOU is meant for discussion purposes and is not meant to, nor can it be, accepted or rejected, but may or may not lead to a binding agreement at a later date." Another piece of fake news.....
@mamboitaliano__ Italy should raise every tax related to tourisim at least 10X. They'd be the wealthiest country in Europe, eliminate their deficits and lower the number of tourists to a manageable level. Italy is like the Florida of Europe, they should embrace it!
@CFTC Meanwhile, the entire US government is doing much worse and making 1000X this guy in all sorts of insider trading. Bust a Senator and then I'll be impressed.
You can't use logic on what's happening now. Structural flows created over the last 20 years of rigging the retirement system, index construction, passive and anything else that can make 'number go up' doesn't react to thinking. It will break, and hurt the maximum number of people, at the worst possible time. Unfortunately.