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New Zealander here. Our stock market (businesses) are nothing like the US market. It isn't a relative size thing - there really is worse choice here. Last I lo
by robocat 1y ago
New Zealander here. Our stock market (businesses) are nothing like the US market. It isn't a relative size thing - there really is worse choice here.
Last I looked I recall 39% of the US stock market is owned by foreigners. Fair enough since say Apple revenue I'd say 60% from foreign sources.
- disgruntledphd2 1y ago65% of world equity values come from the US, which is a crazy, crazy amount. Like, maybe that's sustainable but it's certainly not sustainable in a world where you're pissing your trading partners off on a daily basis.