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I watched EU debt crisis since 2012. In 2015, I watched this animation about EU debt crisis on Bloomberg: https://www.youtube.com/watch?v=j4_tyEl84IQ https://w

I watched EU debt crisis since 2012. In 2015, I watched this animation about EU debt crisis on Bloomberg: https://www.youtube.com/watch?v=j4_tyEl84IQ https://www.youtube.com/watch?v=j4_tyEl84IQ Since 2016, I spoke with many greeks, spanish and it looks to me that vast majority of them believe in wrong things. Therefore they will continue to vote for left or right populists no matter what. Their left and right are anti free market, anti fiscal conservatism, pro spending, pro welfare, against businesses. In very long term, EU is unsustainable. Too many countries with different interests and huge moral hazard.

toyg 8y ago
Since 2001, I spoke with many Americans and they believe in wrong things. Therefore they will continue to vote for left or right populists no matter what. Their left and right are warmongers, anti-internationalists, anti-peace in the Middle East, anti-immigration, anti-poor people, against universal access to medicine. In very long term, US is unsustainable. Too many states with different interests and huge moral hazard. (Of course, I don't really believe this; I'm just showing you how your populistic generalizations can be equally applied to any federal state on the planet. Please try to see beyond the propaganda you are subjected to.)
- hal9000xp 8y ago
  Usually, people who trade smarter than those who vote. So stock market is constant voting machine for expected future earnings, it's fair to say that indexes provide pretty accurate overview of economy. With that in mind, if you look at SPY (US) and compare it with EWI (Italy) and EWP (Spain), you will see that Italy and Spain are not going anywhere since 2008 and US at that time made huge progress. https://www.marketwatch.com/investing/fund/spy https://www.marketwatch.com/investing/fund/spy https://www.marketwatch.com/investing/fund/ewi https://www.marketwatch.com/investing/fund/ewi https://www.marketwatch.com/investing/fund/ewp https://www.marketwatch.com/investing/fund/ewp Now, take a look at GDP of US: https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&ctype=l&strail=false&bcs=d&nselm=h&met_y=ny_gdp_mktp_cd&scale_y=lin&ind_y=false&rdim=region&idim=country:USA&ifdim=region&hl=en&dl=en&ind=false https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&... And compare it with sad picture of Italy and Spain and Greece: https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&ctype=l&strail=false&bcs=d&nselm=h&met_y=ny_gdp_mktp_cd&scale_y=lin&ind_y=false&rdim=region&idim=country:GRC:ITA:ESP&ifdim=region&hl=en&dl=en&ind=false https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&... US has populists but their debt denominated in their own currency and on top of that US economy is very diverse and strong. US is much more business friendly than Italy, Spain and Greece. And their debt denominated in currency they can't print. If you are anti-business and pro-welfare, then your business won't flourish and at the same time you will accumulate huge debt.
  - toyg 8y ago
    Apples to oranges; I can get the same results if I compare EU numbers to Nebraska or Louisiana. Please don’t insult your intelligence with these false equivalences.
    - deleted 8y ago
      [deleted]

toyg 8y ago

Since 2001, I spoke with many Americans and they believe in wrong things. Therefore they will continue to vote for left or right populists no matter what. Their left and right are warmongers, anti-internationalists, anti-peace in the Middle East, anti-immigration, anti-poor people, against universal access to medicine. In very long term, US is unsustainable. Too many states with different interests and huge moral hazard. (Of course, I don't really believe this; I'm just showing you how your populistic generalizations can be equally applied to any federal state on the planet. Please try to see beyond the propaganda you are subjected to.)

hal9000xp 8y ago
Usually, people who trade smarter than those who vote. So stock market is constant voting machine for expected future earnings, it's fair to say that indexes provide pretty accurate overview of economy. With that in mind, if you look at SPY (US) and compare it with EWI (Italy) and EWP (Spain), you will see that Italy and Spain are not going anywhere since 2008 and US at that time made huge progress. https://www.marketwatch.com/investing/fund/spy https://www.marketwatch.com/investing/fund/spy https://www.marketwatch.com/investing/fund/ewi https://www.marketwatch.com/investing/fund/ewi https://www.marketwatch.com/investing/fund/ewp https://www.marketwatch.com/investing/fund/ewp Now, take a look at GDP of US: https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&ctype=l&strail=false&bcs=d&nselm=h&met_y=ny_gdp_mktp_cd&scale_y=lin&ind_y=false&rdim=region&idim=country:USA&ifdim=region&hl=en&dl=en&ind=false https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&... And compare it with sad picture of Italy and Spain and Greece: https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&ctype=l&strail=false&bcs=d&nselm=h&met_y=ny_gdp_mktp_cd&scale_y=lin&ind_y=false&rdim=region&idim=country:GRC:ITA:ESP&ifdim=region&hl=en&dl=en&ind=false https://www.google.com/publicdata/explore?ds=d5bncppjof8f9_&... US has populists but their debt denominated in their own currency and on top of that US economy is very diverse and strong. US is much more business friendly than Italy, Spain and Greece. And their debt denominated in currency they can't print. If you are anti-business and pro-welfare, then your business won't flourish and at the same time you will accumulate huge debt.
- toyg 8y ago
  Apples to oranges; I can get the same results if I compare EU numbers to Nebraska or Louisiana. Please don’t insult your intelligence with these false equivalences.
  - deleted 8y ago
    [deleted]