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> and just keep cash in a savings account in the short term. Ah, but remember the tariffs stuff; you could be looking at _pretty dramatic inflation_ depending
by rsynnott 2y ago
> and just keep cash in a savings account in the short term.
Ah, but remember the tariffs stuff; you could be looking at _pretty dramatic inflation_ depending on how that works out (personally I suspect he will be ultimately unable to do that much for long; there is likely a level of market disruption at which he will be Liz Trussed, but who knows). All is risk.
> I wonder if I should look into seeing if I can buy bonds for the EU equivalent of the US treasury...
No such thing; the EU doesn't really have debt-raising powers. This confuses people, but the EU/EC is _not_ a conventional government, and has only a tiny budget (170bn this year). You can buy European sovereign debt, but it's on a per-country level. Bear in mind that by doing this you'd also be taking on currency risk. Personally I wouldn't touch sovereign debt denominated in another currency; YMMV.
- thrance 2y agoLiz Trussed: f*cking up the economy so badly and so quickly your own party ousts you. I love it!
- rsynnott 2y agoI think she's possibly the _clearest_ example of this in recent years; there've been others (realistically, "screwed up, or is perceived to have screwed up, the economy" is one of the more common reasons for national leaders to get their marching orders), but the sequence of "deranged budget proposal, catastrophic market crash, no more Liz" was just perfect. She didn't even, in the end, really _do_ anything; even the suggestion that she might do the things that she wanted to do was enough to cause a crisis. (With Trump, the dynamic is a bit different, at least for now; he claims to want to do all sorts of absolutely bonkers things, and the markets are generally going "well, yeah, but you're not really going to, are you?")
- tombert 2y agoYeah, inflation worries have me concerned too. I am not sure what to do. I might look into one of the “total world” funds instead of just the US based ones like I usually do.
- rsynnott 2y agoBeware the confusing naming! The big index is MSCI All World. Not to be confused with MSCI World, which is pretty much just the US, Europe and Japan. (You may be _slightly_ late. After years of not doing anything much, European markets are up about 10% YTD, Chinese even more, vs S&P500 4%. There's always a bubble, somewhere...)
- tombert 2y agoYeah FOMO in the stock world is a losing game, there's always a place that you could have invested earlier. I was looking into the VT Vanguard fund. I already own a few shares of that, I could always buy more.