Is Europe becoming uninvestable?

[Dalal.Holdings]

5 hours ago, UK said:

 

Yea, this is what happens when you have an army of non elected biurocrats trying their best to find something 'usefull' to do:). And caps attached is the least bad of things they have managed to achieve, because presently it feels like whole industries (old, like oil or autos and even newest, like AI) and countries are being shot relentlessly at their feet with a double barrel gun, because of too much of this ESG and green energy bullshit:))

 

And why exactly are Europeans cool being ruled by an unelected layer of government?

[Sweet]

4 hours ago, John Hjorth said:

Haha Damn, it's so annyoing with those attached caps! - I did not know it was an EU thing.

It’s so annoying!!!

[John Hjorth]

31 minutes ago, Dalal.Holdings said:

And why exactly are Europeans cool being ruled by an unelected layer of government?

 

Here, I can naturally only answer for my own part, and as a Dane, I'm embraced by The Danish Opt-Outs from the European Union, of which I am personally a supporter.

 

There are political forces here, that have made it their meaning of life to minimize EU bureaucracy and pointless detail decisions, regulation and interferrence concerning the lives and freedoms of the citizens of EU member states. Some of them are sitting on a chair in Bruxelles, actually, elected to tear the instituion down from within.

 

Actually, not much different to the perception of Washington DC for many Americans, I would guess, here without streching this comparison too far.

[UK]

1 hour ago, Dalal.Holdings said:

And why exactly are Europeans cool being ruled by an unelected layer of government?

 

Peace:)? Actually I am not against this centralised rule, only against its stupidity sometimes, but not everything is bad and it could even be good for some young democracy:)

 

Edited September 13 by UK

[james22]

2 hours ago, Dalal.Holdings said:

And why exactly are Europeans cool being ruled by an unelected layer of government?

 

Low T.

[changegonnacome]

8 minutes ago, james22 said:

 

Low T.

 

[John Hjorth]

Indicative of the seriousness of the posts in this topic, considering this forum is populated by a majority of North American citizen.

[james22]

Europe lost a significant percent of two generations of its higher T young men in war.

 

That matters.

 

To understand how life works, you must understand testosterone. This male hormone--which is present in both men and women--determines who leads society and how it is led . . .

 

https://www.amazon.com/Heroes-Rogues-Lovers-Testosterone-Behavior/dp/0071357394/

[Sweet]

2 hours ago, james22 said:

Europe lost a significant percent of two generations of its higher T young men in war.

 

That matters.

 

To understand how life works, you must understand testosterone. This male hormone--which is present in both men and women--determines who leads society and how it is led . . .

 

https://www.amazon.com/Heroes-Rogues-Lovers-Testosterone-Behavior/dp/0071357394/

 

ChatGPT said that Northern Europeans have higher testosterone levels than American men, and provided citations.  

[UK]

https://www.cnbc.com/2024/09/09/geert-wilders-says-the-eu-is-a-monster-that-always-wants-more-power.html

[John Hjorth]

23 hours ago, james22 said:

Europe lost a significant percent of two generations of its higher T young men in war.

 

That matters.

 

To understand how life works, you must understand testosterone. This male hormone--which is present in both men and women--determines who leads society and how it is led . . .

 

https://www.amazon.com/Heroes-Rogues-Lovers-Testosterone-Behavior/dp/0071357394/

 

James [ @james22 ],

 

Thank you for the elaboration here. Your very short post before the above left me really confused, with no understanding [ I may add : for the first time ever for my part about your posts here on CoBF].

 

I hope all is well with you and yours in retirement.

[james22]

3 hours ago, John Hjorth said:

I hope all is well with you and yours in retirement.

 

I appreciate that, John, thank you. And likewise, of course.

 

 

[linus_md]

On 9/12/2024 at 10:48 AM, Sweet said:

“no EU company with a market capitalisation of more than euro 100 billion has been created from scratch in the last 50 years, while all six US companies with a valuation of more than euro 1 trillion have been created in the same period.”

I also wanted to comment this and it makes me very sad as a young European 

Edited September 14 by linus_md

[Dinar]

1 hour ago, linus_md said:

I also wanted to comment this and it makes me very sad as a young European 

ASML?

[Spekulatius]

1 hour ago, Dinar said:

ASML?

There is also SAP with a 220B Euro market cap. They were founded 52 years ago.

Inditex was founded in 1985 so is less than years old and has a 156B Euro market cap.

 

[John Hjorth]

On 9/12/2024 at 10:48 AM, Sweet said:

...“no EU company with a market capitalisation of more than euro 100 billion has been created from scratch in the last 50 years, while all six US companies with a valuation of more than euro 1 trillion have been created in the same period.”

Written by Mario Draghi found here: (https://commission.europa.eu/document/download/97e481fd-2dc3-412d-be4c-f152a8232961_en)

 

No doubt there are opportunities but that fact alone is insane.  

 

I one thinks carefully about it, then this statement from 'Super Mario' is actually just so lame, verging to hilarious. [No critism of you bringing it up here on CoBF meant by that, @Sweet .]

 

The man argues for and is a proponent  for central planning and regulation with EU as the proposed vechicle for imposing such things, as a liberal socialist, from his stool in EU, as the opposite to the concepts of capitalism and competition.

 

He is not able to comprehend, nor accept, that exactly his political views and orientations are the direct cause of the - almost correct - facts he mentions. ['almost' here, because @Dinar and @Spekulatius , ref. above, have already proven the statement false and invalid by two three specific counter-examples.]

 

It's just plain dumb.

Edited September 15 by John Hjorth

[Dalal.Holdings]

On 9/12/2024 at 4:48 AM, Sweet said:

“no EU company with a market capitalisation of more than euro 100 billion has been created from scratch in the last 50 years, while all six US companies with a valuation of more than euro 1 trillion have been created in the same period.”

Written by Mario Draghi found here: (https://commission.europa.eu/document/download/97e481fd-2dc3-412d-be4c-f152a8232961_en)

 

No doubt there are opportunities but that fact alone is insane.  

*Chef’s kiss*

[linus_md]

10 hours ago, Dinar said:

ASML?

ASML has been spun out of Philips so not really from scratch, but it is a great company. 

 

8 hours ago, Spekulatius said:

There is also SAP with a 220B Euro market cap. They were founded 52 years ago.

Inditex was founded in 1985 so is less than years old and has a 156B Euro market cap.

This is true. 

 

But would you rather have ASML/SAP/Inditex or Facebook, Apple, Microsoft, Nvidia, Google, Amazon, Tesla and so on?

[John Hjorth]

12 hours ago, linus_md said:

I also wanted to comment this and it makes me very sad as a young European 

 

3 minutes ago, linus_md said:

ASML has been spun out of Philips so not really from scratch, but it is a great company. 

 

This is true. 

 

But would you rather have ASML/SAP/Inditex or Facebook, Apple, Microsoft, Nvidia, Google, Amazon, Tesla and so on?

 

There is no reason for limiting your personal line of thinking in this way as an European citizen, Linus [ @linus_md ], subject to your broker isen't limiting your access to the american markets. Likely you can make your personal picks on both sides of the Atlantic pond. 

[formthirteen]

[John Hjorth]

Personal note here : I'm a proponent of the Danish opt-outs from the European Union.

 

Stories like the above about attached caps, crumbled and curvy cucumbers and knobbly carrots, however, I do not let get under my skin or affect my mood.

 

In material aspects the issue at hand here about EU there is a point though, ie. the redistributive effects of what's going on in the EU budgets, with the funneling back of memberships contries EU contributions into enormous subsidies to agriculture and farming, distorting prices and production of foods.

Edited September 15 by John Hjorth

[Dalal.Holdings]

You have an army of so-called “professionals” such as in the below image who have been indoctrinated and educated through many useless fields to contend with if you want to tackle the regulatory beast of the EU.
 

These people are driven by dogma, believing they are truly making the world a better place when in fact they are slowly chipping away at the goose that lays golden eggs.

 

Is it a stretch to surmise that 100% of the people in the below image probably hate Elon Musk?

 

Culture is not easy to change.

 

 

Edited September 15 by Dalal.Holdings

[John Hjorth]

Here, some - more or less random - ramblings related to this topic :

 

- - - o 0 o - - -

 

Source : World's Largest Companies by Market Cap.

 

- - - o 0 o - - -

 

Top 100, by country [page 1 on the website, without any filtering, here sorted by country, numbers only, no names] :

 

Australia : 1

Canada : 1

China : 9

Denmark : 1

France : 4

Germany : 1

India : 3

Ireland : 1

Japan : 1

Mexico : 1

Netherlands : 2

Saudi Arabia : 1

South Korea : 1

Spain : 1

Switzerland : 3

Taiwan : 1

United Arab Emirates : 1

United Kingdom : 6

United States of America : 59

Total : 100, af which Europe : 19 ['Europe' not to be confused with 'EU' here.]

 

Limit : USD 151.76 [#100,= UNP].

 

- - - o 0 o - - -

 

Next, reverse calculation of EUR 100 B limit to USD, at today rates, as I personally see them : EUR/DKK = 7.46 & USD/DKK = 6.74, thus EUR 100 B = USD [ 100 * 7.46 / 6.74 ] B =~ USD 111 B.

 

USD 111 B set the limit at # 146, [= 6501.T [Hitachi]].

 

Next, mess around with data, sort and such, this time downloading the .csv file from the website and converting it to Excel format, format as a table, with filters avaiable and such, providing this time, this with names on European companies :

 

Australia : 2

Belgium : 1 [Anheuser-Busch InBev]

Canada : 1

China : 13

Denmark : 1 [Novo Nordisk A/S]

France : 7 [LVMH, Hermes, L'Oreal, TotalEnergies, Sanofi, Schneider Electric & Dior]

Germany : 4 [SAP, Deutsche Telekom, Siemens & Allianz]

India : 4

Ireland : 3 [Accenture, Eaton & Medtronic]

Japan : 5

Mexico : 1

Netherlands : 3 [ASML, Prosus & Airbus]

Saudi Arabia : 1

South Korea : 1

Spain : 1 [Inditex]

Switzerland : 4 [Nestle, Novartis, Roche & Chubb]

Taiwan : 1

United Arab Emirates : 1

United Kingdom : 6 [Astra Zeneca, Linde, Shell, Unilever, HSBC & Arm Holdings]

United States of America : 86.

 

- - - o 0 o - - -

 

Files attached.

 

companiesmarketcap.com - Companies ranked by Market Cap - CompaniesMarketCap.com.csv Worlds largest companies with market cap above EUR 100 B as per 20240915 - 20240915.xlsx

Edited September 16 by John Hjorth

[Luke]

I don't think the size of a company or several companies is an indication of a prosperous country. It's also not necessarily a sign of a "good" company. It's increasingly concerning how monopoly-like US mega-caps have become, and they face almost no regulatory consequences except for the EU. Bashing the EU for regulating these monopolies makes sense since you are likely all shareholders of such companies, and you want them to abuse their monopoly-like position as much as they can, but I like a lot of things the EU does to make these companies ACTUALLY better (hello USB-C apple). 

 

There is a lot of noise by such companies because they prefer 0 regulation but i don't have to tell you where that leads.  

Edited September 15 by Luke

[Luke]

2 hours ago, Dalal.Holdings said:

You have an army of so-called “professionals” such as in the below image who have been indoctrinated and educated through many useless fields to contend with if you want to tackle the regulatory beast of the EU.

Which regulations AGAINST big tech by the EU are in YOUR opinion "bad"? Please explain. 

2 hours ago, Dalal.Holdings said:

These people are driven by dogma, believing they are truly making the world a better place when in fact they are slowly chipping away at the goose that lays golden eggs.

The golden eggs are tax evasion, lowest corporate taxes ever, anti-repair anti-consumer products, record high dividends and buybacks, and coercing entire countries with their power  They are not a good goose! 

2 hours ago, Dalal.Holdings said:

Is it a stretch to surmise that 100% of the people in the below image probably hate Elon Musk?

X is a complete mess, you cant contact them about your account, they ban people and you get no feedback why. If you want the data they have about you they dont contact you back. The guy cant do what he wants with a business of that size. We are not in the wild west.