Let's have a discussion on stocks and what ones are hanging in there and i have one idea for the European crisis...Germany should exit the euro..they are going to be paying everyone's bills. what a terrible idea the euro was, hindsight i know.
The euro wasn't a terrible idea. Nor was the EEC. The lack of a centralized european banking system was.But that was because each country wants autonomy & self determination (translate as nationalism) to the degree that don't want to give fiscal management over to some management board made up of "foreigners". Europe has a long history of cultural superiority & snobbery (not to mention wars) among its participants. Right now there's $ influxes into the European markets by institutional bargain seekers. True contrarians. Some of these are into gov't bonds due to their huge yields. Some into stocks of Euro based multinationals whose prices are depressed to book value.Even check out the inflows to VXUS Both take kahuanas to carry the risk. Cheers!! Anony-empanadas
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I’m a proud French Canadian from New Brunswick with a passion for investing. On August 5, 2009, I hit a major milestone: reaching $50,000 in investment assets. This initial achievement was just the beginning of a lifelong journey toward financial independence. My ultimate aim isn’t necessarily early retirement but rather the freedom to live comfortably, achieve my goals, and enjoy financial peace of mind. Every journey starts with a first step, and for me, that was my first $50,000. Feel free to reach out and say hello at myfirst50000 (at) yahoo.ca—I’d love to connect!
3 comments:
No one cares about your posts that aren't about how little you know about investing.
Let's have a discussion on stocks and what ones are hanging in there and i have one idea for the European crisis...Germany should exit the euro..they are going to be paying everyone's bills. what a terrible idea the euro was, hindsight i know.
The euro wasn't a terrible idea. Nor was the EEC. The lack of a centralized european banking system was.But that was because each country wants autonomy & self determination (translate as nationalism) to the degree that don't want to give fiscal management over to some management board made up of "foreigners". Europe has a long history of cultural superiority & snobbery (not to mention wars) among its participants. Right now there's $ influxes into the European markets by institutional bargain seekers. True contrarians. Some of these are into gov't bonds due to their huge yields. Some into stocks of Euro based multinationals whose prices are depressed to book value.Even check out the inflows to VXUS Both take kahuanas to carry the risk. Cheers!! Anony-empanadas
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