71–80 of 216 posts
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
Earlier quoted context omitted.
There's no "enforced savings" that I know of in Europe. 3.50% in the US sounds extremely low to me. It has fallen a bit recently but the savings rate was about 25% in France in 2020. Common knowledge says to strive to save at the very least 10% of one's revenue around here.
There is a very large and growing portion of the US that maintains no savings at all. In fact it's the opposite and many are slowly spending their way into perpetual credit card debt.
Earlier quoted context omitted.
> Macron is making up numbers So is Trump. This is all just response to bullying. "I got big muscles" "Oh yeah, I got big muscles too" This all is happening because America elected a criminal clown, twice.
Let me fix that for you. This is all happening because the institutions in America failed to deliver for working-class people for over four decades, and Americans got fed up, elected a billionaire willing to be a bulldozer of those institutions and the systems that work for knowledge workers, twice.
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
There's no "enforced savings" that I know of in Europe. 3.50% in the US sounds extremely low to me. It has fallen a bit recently but the savings rate was about 25% in France in 2020. Common knowledge says to strive to save at the very least 10% of one's revenue around here.
1: https://ec.europa.eu/eurostat/statistics-explained/index.php...
Earlier quoted context omitted.
Contrary to the implication, the Swedish fund that possibly sold $8b of its $100b worth of US Treasuries did not cite politics as its reason for doing so, and no part of the article backs up that claim. Additionally, selling out of the US dollar as the fed aimed to cut rates and as the dollar declined from historic highs against the Euro seems sensible regardless of politics. Denmark has been exiting foreign bonds fo…
>Contrary to the implication, the Swedish fund that possibly sold $8b of its $100b worth of US Treasuries did not cite politics as its reason for doing so Which doesn't mean it wasn't the reason.
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
The US can always print more money to fund its institutions, but other countries have to save theirs. Sure, they can print more euro but when so much stuff they need is traded in USD, that's not nearly as effective as when the US prints more USD.
That only works if there are takers for US bonds otherwise all this will do is devalue the USD.
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
The EU can’t even get a Mercosur deal closed after 30 years. I think this will probably happen in another 60 years.
What makes it more ridiculous, is that fact that we from the EU are shouting US is getting isolated, but some of the biggest economies in the world do not want to trade with 4 countries from the 3rd world, because we think will get bankrupt because of that.
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
There's no "enforced savings" that I know of in Europe. 3.50% in the US sounds extremely low to me. It has fallen a bit recently but the savings rate was about 25% in France in 2020. Common knowledge says to strive to save at the very least 10% of one's revenue around here.