European mkts dn 3-6% this yr . US up 16%. We both have near 0 rates
- Thread starter SammyJ
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Although im from EU, can't recall the last time i checked ,,our" market.
Just following those $$$.
Here, too many languages, for someone like Musk to rise, and people's attitude on securities, is years away from US.
(If you do that in here, you're a half mythological creature)
Maybe when that changes and we print as fast and as much, we could be somewhere close.
(+with more migrant mouths to feed and boost up the birth rate)
Then all of the socialistic taxes on the bis (?)
Yet, all of that bothers only passive investors, since if you have the skill, you will make it in this market as well.
Anyway, thanks for the update.
P.s. no need to worry. CCP offers plenty of half fake ballance sheets.
Just following those $$$.
Here, too many languages, for someone like Musk to rise, and people's attitude on securities, is years away from US.
(If you do that in here, you're a half mythological creature)
Maybe when that changes and we print as fast and as much, we could be somewhere close.
(+with more migrant mouths to feed and boost up the birth rate)
Then all of the socialistic taxes on the bis (?)
Yet, all of that bothers only passive investors, since if you have the skill, you will make it in this market as well.
Anyway, thanks for the update.
P.s. no need to worry. CCP offers plenty of half fake ballance sheets.
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Europe is a leftist museum, where starting a business is nearly frowned upon. And it is consisting of a large number of countries which doesn't have that much in common. As a Northern European, I feel like I have much more in common with the US than Central and Southern Europe, and have never in my life bought as much as a single share on for example the German or French stock-exchanges. However, I have bought a lot of US shares.
The European decline have been going on for a long time now. So it is really surprising as an European that the US voters wants to go the same way downwards as us.....
The European decline have been going on for a long time now. So it is really surprising as an European that the US voters wants to go the same way downwards as us.....
What really happened (in my opinion) is that 25 years ago, the EU failed to recognize how transformative the internet was about to become. As a result, many US tech giants gained a first mover advantage and became entrenched in the EU.....services provided by today by Microsoft, Facebook, Google, Amazon, Netflix, Facebook, Square, Paypal, Dell, etc, suck hundreds of billions of dollars out of the EU every year and into the US.
I don't cast any moral judgement on these companies, just calling it how I see it. One piece of good news for the EU is that it seems they have learned from their mistake 25 years ago, and as a result are trying to become leaders in emerging technologies....I know for a fact that EU companies/agencies are doing very well in their development of manufacturing robotics, autonomous shipping, renewable energy, autonomous driving, etc....10 years from now, autonomous European-branded cars will be powered by European software, not American software, like we see powering so much of the EU today.
Also, another factor has been the challenges faced integrating EU countries into a singular system (example, EU countries are not allowed to run budget deficits in excess of 2% annually, while the US routinely runs 6% annual deficits). This has caused countries like Italy and Greece to be a real weight around the neck of places like Germany and France.
Anyway, there is a lot more that I could go into here, but I don't think it boils down to simply "hur-hur, US stock markets are higher because America is so much better than the EU."
Just my two cents.
I don't cast any moral judgement on these companies, just calling it how I see it. One piece of good news for the EU is that it seems they have learned from their mistake 25 years ago, and as a result are trying to become leaders in emerging technologies....I know for a fact that EU companies/agencies are doing very well in their development of manufacturing robotics, autonomous shipping, renewable energy, autonomous driving, etc....10 years from now, autonomous European-branded cars will be powered by European software, not American software, like we see powering so much of the EU today.
Also, another factor has been the challenges faced integrating EU countries into a singular system (example, EU countries are not allowed to run budget deficits in excess of 2% annually, while the US routinely runs 6% annual deficits). This has caused countries like Italy and Greece to be a real weight around the neck of places like Germany and France.
Anyway, there is a lot more that I could go into here, but I don't think it boils down to simply "hur-hur, US stock markets are higher because America is so much better than the EU."
Just my two cents.
That is interesting. Puts into doubt the common perception that stimulus guarantees a stock market meltup.
Just took a look at DAX, which I haven't followed it a while, and it seems like it finished the year positive by a percent or two or maybe three? As I would have thought.
Not the S&P return, obviously, but not negative either.
FTSE was creamed by Brexit.
CAC 40 pfft
What's left? pfft again.
Not the S&P return, obviously, but not negative either.
FTSE was creamed by Brexit.
CAC 40 pfft
What's left? pfft again.
Oh really, last I checked many Nordic countries rank among the world's most innovative (I'm a Swede). We do have an issue in creating new large multinational companies, but to me that seems to be rooted in that Swedes happily cash out successful businesses to US investors ASAP.
Granted, outside Northern Europe, things are a bit different. Furthermore, I think Norway is a bit more like Sweden was several decades ago, TBH.
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The business environment created by the EU is certainly a big factor in the performance of their markets. A very simple example is the the impact of labour laws. Through 2020, the US has had a huge turnover in jobs, companies have been able to very quickly adapt their business models and workforce for a more digitised approach. Conversely, the EU has had a relatively small spike in unemployment, firms have largely kept their workforce as they were (Germany unemployment moved from 5.3 in Jan to 6.4 in Aug).
It will take them many years to adjust their business models to the same level that US companies have already achieved in 2020.
One point of interest to me will be the impact of Brexit on the UK. Will they be able to adjust their laws and mentality to be more like the US, and more like England was once upon a time.
It will take them many years to adjust their business models to the same level that US companies have already achieved in 2020.
One point of interest to me will be the impact of Brexit on the UK. Will they be able to adjust their laws and mentality to be more like the US, and more like England was once upon a time.