261–270 of 273 posts
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You do realize that pensions invest in the market too? 401ks just give you more control over the investment.
Yes, I do. But pension funds invest very different from Jane and Joe for their retirement. To answer equally condescending: I presume you realize that?
Over 70% is invested in equities, the rest mostly in fixed income (bonds). Not a whole lot different than an average 401k invested in a target date fund.
But the real zinger: over 33% of the total is invested in US equities alone, with a whopping 47% of all investments being in the US. 11.2% of total investments are in the US technology sector vs a mere 1.6% in European (including non-EU countries like Russia) technology. Truly humbling.
Norway doesn't seem to share your opinion on US equities.
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Yes, I do. But pension funds invest very different from Jane and Joe for their retirement. To answer equally condescending: I presume you realize that?
Take the biggest pension fund in Europe, Norway Government Pension Fund Global with $1.5T AUM: https://www.nbim.no/en/the-fund/investments Over 70% is invested in equities, the rest mostly in fixed income (bonds). Not a whole lot different than an average 401k invested in a target date fund. But the real zinger: over 33% of the total is invested in US equities alone, with a whopping 47% of all investments being in th…
Regardless, it only reinforces that the notion that US stock market doesn't reflect true worth of US companies because it's flooded with capital from pension funds. Not only US ones but from the whole world.
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That's what happens when you're a wealthy country with a booming economy and flush with companies that serve the world.
Not really. That happens when you have concetration of capital in few hands that can do with it whatever they want but there's really not much to do with it. US stock market is analogue of Chinese real estate market. It's full of overpriced crumbling units and overt scams waiting to be exposed. In Europe this capital is dispersed and more often serves the purpose of building infrastructure, increasing prosperity and…
I mean FFS the damn Euro literally almost became worthless because of the Greek debt crisis. Did people forget how close Europe came to abandoning its own currency?
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Take the biggest pension fund in Europe, Norway Government Pension Fund Global with $1.5T AUM: https://www.nbim.no/en/the-fund/investments Over 70% is invested in equities, the rest mostly in fixed income (bonds). Not a whole lot different than an average 401k invested in a target date fund. But the real zinger: over 33% of the total is invested in US equities alone, with a whopping 47% of all investments being in th…
All investment involves some gambling. Putting 1/3 into US stocks is not a bet on health and creativity of US conpanies. It's a bet on the assumption that the biggest casino on Earth will keep attracting the rich that don't have other places to go. Fairly safe bet I'd say. Regardless, it only reinforces that the notion that US stock market doesn't reflect true worth of US companies because it's flooded with capital f…
This type of delusion is why Europe has been falling behind economically for decades.
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> Why is applying for asylum in the UK more appealing to them than applying for asylum in France? I don't really care about that. There are plenty of people applying for asylum in many countries. > If we accept that France is a safe country then doesn't it follow that there is no need for anyone to cross the English channel in a small boat in order to claim asylum? No, this is not how this works. You can't force them…
> No, this is not how this works. I fear this attitude is partially responsible for the fall in support for what I guess we can call "centrist" parties. The harder this issue is pushed, the more the radical parties win support. > You can't force them to apply in France. "The Dublin Convention covering the European Union stipulates that asylum seekers are returned to the country where their entry into the union was fi…
I understand that, but it's not like the governments wouldn't like this issue to go away; things really don't work the way some people would like, for very fundamental reasons, like human rights.
> Well, perhaps not UK -> France thanks to Brexit
exactly.
> according to the Dublin convention you certainly can return them to the first safe EU country
Yeah, and so what does a YOLOing country like Hungary do? Exactly, it does not register them and just ignores them so they can go to the next country. So what do you do when you are next in the line like Slovakia, my home country? Exactly, you just pass them on till they get to their target country (Germany mostly in our case). This also happens in thousand-strong waves.
So again, it's not like the UK is unique in this, it's an issue in all of Europe and the US and there are no easy solutions. Even a fascist like Meloni does not have a solution.
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All investment involves some gambling. Putting 1/3 into US stocks is not a bet on health and creativity of US conpanies. It's a bet on the assumption that the biggest casino on Earth will keep attracting the rich that don't have other places to go. Fairly safe bet I'd say. Regardless, it only reinforces that the notion that US stock market doesn't reflect true worth of US companies because it's flooded with capital f…
> Putting 1/3 into US stocks is not a bet on health and creativity of US conpanies. This type of delusion is why Europe has been falling behind economically for decades.
Earlier quoted context omitted.
Not really. That happens when you have concetration of capital in few hands that can do with it whatever they want but there's really not much to do with it. US stock market is analogue of Chinese real estate market. It's full of overpriced crumbling units and overt scams waiting to be exposed. In Europe this capital is dispersed and more often serves the purpose of building infrastructure, increasing prosperity and…
The European economy is not healthy at all, and is facing an upcoming demographic crisis with a lot of issues with high unemployment and low wages causing brain drain. I mean FFS the damn Euro literally almost became worthless because of the Greek debt crisis. Did people forget how close Europe came to abandoning its own currency?
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E2EE itself as a concept is ridiculous. The word was stolen from networking, end to end, and repurposed for an entirely different and non-sensical context to describe sth completely else. It has to do with "E2EE" because the biggest provided of it, Signal, pushes you to use 'compromised software supply chains' that are iOS and Play Store, evensofar as to spreading FUD about alternative distribution mechanisms, like A…
I am very suspicious of Signal, for not not being on f-droid, but being on play store. I'm sure the protocol is fine and all, but playstore can easily be used to compromise everything anyway. Also I've read many times Bruce Schneier claim that Signal is the most secure communication system that exists, and Whatsapp is the 2nd best, because it (allegedly, but we don't know) uses the same protocol.
I haven't looked deeply into how F-Droid is currently operating, so maybe I'm off here, but isn't it just all on a server run by some random guy in his free time? I love what F-Droid is doing, and I think it has a bright future, but in its current state I would never trust it on any of my devices that I use for anything important.
Also, yeah, it really is super easy to crack open the WhatApp APK and confirm that it is, in fact, using libsignal. That would be kind of a weird thing to lie about, since anyone could quickly call them out on it.
Earlier quoted context omitted.
E2EE itself as a concept is ridiculous. The word was stolen from networking, end to end, and repurposed for an entirely different and non-sensical context to describe sth completely else. It has to do with "E2EE" because the biggest provided of it, Signal, pushes you to use 'compromised software supply chains' that are iOS and Play Store, evensofar as to spreading FUD about alternative distribution mechanisms, like A…
I am very suspicious of Signal, for not not being on f-droid, but being on play store. I'm sure the protocol is fine and all, but playstore can easily be used to compromise everything anyway. Also I've read many times Bruce Schneier claim that Signal is the most secure communication system that exists, and Whatsapp is the 2nd best, because it (allegedly, but we don't know) uses the same protocol.