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 pr

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.