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The sentiment in Europe right now is fear over Chinese money purchasing European companies piecemeal. European valuations are kept artificially low by, well, i
by 0xfaded 6y ago
The sentiment in Europe right now is fear over Chinese money purchasing European companies piecemeal.
European valuations are kept artificially low by, well, it seems just by being in Europe. With companies struggling from covid, the usual lack of European leadership on any sort of stimulus, and the US not in a position to bail the European economy out again a la 2008, there are a lot of buying opportunities.
Currently the sentiment is mainly confined to political and business circles, but I wouldn't be surprised if it overflows into the general public once jobs currently on wage support start disappearing next year.
- throwaway4good 6y agoIt would be TikTok International setting up headquarters in Europe - not buying a European company - it would be a big boost for the local economy. But it is true. There is anti-China sentiment in Europe too ... but if you asks eg. the Germans ... who would you rather spite: Trump or China? They probably would go ... hmmm ... though one ... Trump!
- jld89 6y ago> and the US not in a position to bail the European economy out again a la 2008, there are a lot of buying opportunities. This is new to me, do you have a source? To me the US was in big trouble at the time, no resources to bail out anyone really...
- throwaway4good 6y agoI thought the story was that China bailed the world out in 2008 ...
- 0xfaded 6y agoThis is essentially the austerity that was pushed onto Southern Europe because the ECB didn't have any mandate to engage in monetary policy until 2012, when the ECB started to rely on more creative readings. By this time it was QE from the US Fed that was driving the recovery, but the ECB did eventually engage in similar practices, if only to bail out assets owned by the northern banks.