Presenting the EU's stock exchanges as a monolith is misleading. It's been a recurring gripe [1].<p>[1] <a href="https://newfinancial.org/wp-content/uploads/2021/03/2021.03-The-problem-with-European-stock-markets-New-Financial.pdf" rel="nofollow noreferrer">https://newfinancial.org/wp-content/uploads/2021/03/2021.03-...</a>
This chart visually clears up some of the confusion I've seen people have about being "overweight" in domestic stocks while tracking a global index.
I think the EU data is already stale and ASML is currently the most valuable publicly traded European enterprise. I know which I'd be more proud of!
as a singaporean i enjoy that our little stock market that never goes anywhere (literally the ST Index has been ~3k for like 20 years) is some how big enough to register on this chart lol
I have this friend who is too hard of a die hard capitalist at heart (whatever that means).<p>He reads headlines of UAW workers going on strike to ask a company making $10b/yr in profit to give them a bit more and he sides on the side of the company, you know what I mean?<p>Long story short, he's come to say "America has gone soft". He thinks anybody who works from home is doing blatant time theft, needs to be tracked, etc.<p>He thinks that what we classify as a $20/hr job in America is $2/hr elsewhere.<p>If that's the case culturally and the Chinese value working hard (where as in America if you scroll on Instagram you'll see 5-10 memes recommended to you about 'you are not your job, f<i>ck your job, f</i>ck your meeting'), why is our economy more successful than theirs?