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Macron says €300B in EU savings sent to the US every year will be invested in EU

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Re: Macron says €300B in EU savings sent to the US every year will be invested in EU

#21
TIL EU savings rate is far more than US. 18.79% vs 3.50%

Guessing that's somehow counting enforced deductions off paycheques. Would be a wild difference if not.

https://tradingeconomics.com/european-union/personal-savings

https://tradingeconomics.com/united-states/personal-savings

Re: Macron says €300B in EU savings sent to the US every year will be invested in EU

#22
post #11
post #8

When will the EU understand that they have the GOAT Paul Graham across the channel in the UK? Open YCombinator Paris or London: Capital would flow to him.

drop capital gains tax on EU stonks and watch the flight. there are a million ways they could make this attractive

> drop capital gains tax on EU stonks

Right, because it's not like France already has a large primary deficit or anything.

Re: Macron says €300B in EU savings sent to the US every year will be invested in EU

#23
post #21

TIL EU savings rate is far more than US. 18.79% vs 3.50% Guessing that's somehow counting enforced deductions off paycheques. Would be a wild difference if not. https://tradingeconomics.com/european-union/personal-savings https://tradingeconomics.com/united-states/personal-savings

This doesn't surprise me at all as an European. My mind struggles to understand how so many Americans live paycheck to paycheck.

Re: Macron says €300B in EU savings sent to the US every year will be invested in EU

#24
post #5

Macron is making up numbers. Unless the EU member states actually impose capital controls, investors will continue to send their capital wherever it can earn the highest returns. Profitable investment opportunities in the EU remain slim and so far they seem uninterested in pursuing a growth policy.

[flagged]

meanwhile 6-week vacations, high speed trains, walkable cities, generous child benefits, and, well, quality of life salute you from here

Re: Macron says €300B in EU savings sent to the US every year will be invested in EU

#25
post #19
post #5

Macron is making up numbers. Unless the EU member states actually impose capital controls, investors will continue to send their capital wherever it can earn the highest returns. Profitable investment opportunities in the EU remain slim and so far they seem uninterested in pursuing a growth policy.

Unfortunately the US Dollar is devaluing. In the past year the dollar went down by 11%. That means SP 500 which has gone up 13% in the past year has only gone up 2% for a European.

The fact that the EUR/U$S parity did not change much means EUR devaluated about the same, doesn’t it?

Re: Macron says €300B in EU savings sent to the US every year will be invested in EU

#26
post #5

Macron is making up numbers. Unless the EU member states actually impose capital controls, investors will continue to send their capital wherever it can earn the highest returns. Profitable investment opportunities in the EU remain slim and so far they seem uninterested in pursuing a growth policy.

No idea what this number actually is. If it includes pension funds' investments in the US stock market and US bonds, then it is underestimated.
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