Is Europe becoming uninvestable?

[Spekulatius]

18 hours ago, Charlie said:

+ 1

 

There is no question the U.S. is  the inventor of the world.

But life/business is no zero sum game and we are profiting from these inventions.

If you have a very good job in Europe or you are a Berkshire investor you can probably live better, because everything is relative. I like our democracy, no idiotic president, no ICE....

I heard of $20 beers at the world cup. 

 

+ tip. I bought one for $19 in Atlanta. Those stories are true. To be fair, it was a German Maß.

Edited 18 hours ago by Spekulatius

[james22]

[james22]

[TwoCitiesCapital]

I think what most people are missing with the Europe vs America wealth debate is that Europe doesn't get to print infinite amounts of paper money out of thin air to buy global goods/assets/products with. At least not anywhere to the extent the US gets to. 

 

Every second the USD remains the reserve currency is a second that were trading something that is largely worthless and getting something of real value. Every fiat currency does this, but being the global reserve means we get to abuse the shit out of it. 

 

That small benefit across every int'l transaction every day for decades adds up.