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Giuliano Giacaglia
@giu
The European market versus the American market. They tracked and followed a similar path until 2010, but have diverged since then. My guess what happened was that there weren’t many important tech companies and the U.S. has produced most of the important tech companies. Any other theories of what happened?
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Leo
@lsn
This is fascinating in general, particularly for me. I was age 9 in 2009; a supercharged US market and sluggish Euro stocks has always felt like the norm to me, but it’s clearly a recent phenomenon I would guess the difference is the internet emergence of global platforms that benefitted from the large local market
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Thomas
@aviationdoctor.eth
I’m nearly twice your age and distinctly remember the euphoria and optimism of the late 1990s / early 2000s in Europe - we were getting the Euro, more alignment, more unification. That feeling is long gone
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Leo
@lsn
That post Cold War space capacity got eaten up huh Do you think the financial crisis was a cause, or just a coincidence?
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Thomas
@aviationdoctor.eth
2008 and the GFC/subprimes? Honestly I’ve left Europe so long ago that I’ve lost touch with what’s been happening there
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Leo
@lsn
I mean, why did that feeling go? Was it due to the GFC, due to ending of the post Cold War boom, 2004 EU expansion, anything else But perhaps you left for Singapore long before
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Thomas
@aviationdoctor.eth
I was in the Middle East for about ten years in between Europe and Singapore, so yes, I’ve lost track since around the time of the GFC. I also generally think it’s hard to compete with the US given 24 languages across 27 countries and somewhat different cultures/customs
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