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Danish pension fund divesting US Treasuries

reuters.com

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Re: Danish pension fund divesting US Treasuries

#611

Post by Esophagus4 »

BunsanSpace wrote: post #582
StephenHerlihyy wrote: post #483

Earlier quoted context omitted.

Over the past 15 years the European economy has grown from 16.25 to 18.50 trillion per World Bank. In 2008 the combined economic strength of the EU was 110% of the United State's. Today it's ~65%. By and large the European economy completely missed the mark on the Internet/Web3.0 technology revolution. You certainly have bright spots like ASML, but those are the exception and not the rule. It's reindustrialization ef…

Adjust GDP per hours worked, you will find Europe has eclipsed the US in terms of productivity. The US has the benefit of the government borrowing insane amounts of money to juice it's economy, by being the world hegemony. That advantage has evaporated and you see the current capital going to unproductive industries.

> Adjust GDP per hours worked

And why would we do that?

I guess if you torture the data long enough it will confess to anything.

Re: Danish pension fund divesting US Treasuries

#612

Post by renjimen »

skrebbel wrote: post #487

I currently hold some Vanguard ETFs. Any tips on similar broad “world economy” type funds that don't use dollars?

I do VIU in Canadian Dollars to help balance my other "global" ETFs that are over-reliant on US.

VIU: Vanguard FTSE Developed All Cap ex N Amer Idx ETF

Re: Danish pension fund divesting US Treasuries

#613

Post by dragonwriter »

throw0101c wrote: post #606
toomuchtodo wrote: post #222

Earlier quoted context omitted.

To note, I believe it's possible the ~1500 troops staging to Minnesota are not to assist with ICE operations, but to be air lifted via the 133rd Airlift Wing to Greenland. If interested in pursuing this, task some commercial satellite imaging. https://en.wikipedia.org/wiki/133rd_Airlift_Wing

The troops that are being readied are actually the 11th Airborne Division: * https://time.com/7347191/minnesota-army-troops-standby/ whose deputy commander is a Canadian, as a part of an exchange program: * https://11thairbornedivision.army.mil/dcgo/ so I'm not sure how sending him to Greenland is going to work.

If Trump decides to go pull the plug on invading Greenland an uses the 11th Airborne, McBride would, I would assume, at a minimum, be relieved of his duties with the 11th Airborne and sent back to Canada, with either a subordinate ops staff officer or the Deputy Commanding General (Support) or some combination filling in for the duties of the Deputy Commanding General (Operations).

Depending on the details of timing of the operation and the US-Canada diplomatic situation as a result, what happens after he is relieved might not be as simple as a return to Canada, he might conceivably even end up as a POW.

Re: Danish pension fund divesting US Treasuries

#614

Post by OrvalWintermute »

jacquesm wrote: post #296
OrvalWintermute wrote: post #283

Earlier quoted context omitted.

The Euros also underfunded their defense obligations and received huge amounts of US investment in facilities, enabling them to upfund social programs, socialized healthcare and most egregiously 8 - 12 week vacations which are completely unheard of in the US.

You are spending too much time in an echo chamber if you think that those things that are unheard of in the US could not have been done in the US. They could have been, but it would have required a different kind of path than you chose. The EU has chosen to try to cooperate rather than to be at war all the time and it looks like that may have been a wrong bet but that is mostly because first one (Russia) and now anot…

They could have been done is my contention.

But not while carrying Euros’ defense obligations

Re: Danish pension fund divesting US Treasuries

#616

Post by wolvesechoes »

jacquesm wrote: post #565
wolvesechoes wrote: post #533

Earlier quoted context omitted.

> Russia can't even take few miles off Ukraine And yet Europe is unable to support Ukraine enough to change the course of war. Which is the direct cause of the current situation. If Europe was so strong and ready, war in Ukraine would be over, Russia was defeated, and US wouldn't even think of doing what it is doing. Everything else is copium.

The course of war has already changed.

I forgot how many times it was announced before.

Re: Danish pension fund divesting US Treasuries

#617

Post by [deleted] »

xienze wrote: post #218
triceratops wrote: post #162

Earlier quoted context omitted.

> Its median income is at an all-time high. Its median dispoable income is at an all-time high. Its housing wealth is at an all-time high. Then why is everyone so damned unhappy all the time?

The US used to be a much more homogeneous country, which certainly makes it a lot easier for everyone to be on the same page because of shared cultural values. That has changed dramatically in the past few decades and with it, places where Americans can find common ground. Other western countries are going down the exact same path, just a bit behind us.

[deleted]

Re: Danish pension fund divesting US Treasuries

#618

Post by everyone »

epistasis wrote: post #415
azinman2 wrote: post #135

Earlier quoted context omitted.

You’re assuming the people in charge are sane, rationale, and value past decisions that have worked out. It’s quite clear with the now likely permanent damage to NATO this isn’t the case.

This is precisely it. People in the US have been living with the insanity of Trump for so long that they have become numb to it, and don't realize just how crazy and out of bounds every day is now. We continue on, because we have to, but it's hard to reevaluate everything every single day because it's so crazy. Europe and the rest of the world are making completely rational decisions in response to the utter self-des…

The people of the USA really remind me of the people of Russia: totally depoliticized. I think in the USA many people are really focused on a pointless culture war yet aren't politically active at all.

Re: Danish pension fund divesting US Treasuries

#619

Post by antirez »

afavour wrote: post #42

It's symbolism. But it's important symbolism. Far more notable, I think, is Macron saying this morning that Europe needs more investment from China. Canada signing a deal with China to allow their cars to be sold in the country. It's all a sliding slope until it reaches a breaking point and falls off like a cliff. EDIT: to quote the Canadian PN earlier today: “American hegemony in particular helped provide public goo…

I believe this is actually the center of the matter. Trump surely does not represents all the Americans, but I believe he is currently acting in a so aggressive way because America has a problem, that is: for years governments of other countries are selling more and more US bonds (because the United States look progressively less able to pay back), and given the US huge debt, this would mean an incredible problem for a country that for decades spent ways more than it was possible or wise (and, this spending also helped to fuel the IT strong position the country achieved). So, now, in order to have compelling arguments to ask for certain conditions, Trump is acting in this way, since in order to have something that others don't want to give to America, America needs to be a problem the other countries. This is a way to amplify your position in the world, that is otherwise not as strong as in the past. We used to watch Russia doing something like that, and could not expect to see this from USA. But things evolve...

Re: Danish pension fund divesting US Treasuries

#620

Post by Esophagus4 »

ProllyInfamous wrote: post #555

My local coin store was busier today than I've ever seen it (visit about once a quarter, for about a decade). Lots of people transacting silver — so much so that the buyback fees were about 50% more than usual — and yet people were primarily turning silver/USD into gold (myself included). When you consider that historically our US fiat has been 65:1 (Au:Ag), it's scary to see the ratio back around the levels when Bre…

Out of curiosity, what are the transaction costs like for buying and selling physical gold/silver? I would imagine it to be quite costly, especially compared with spreads on equities.

I've wondered if maybe large metals funds get better rates, but also have no idea.

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