Content
@
0 reply
0 recast
0 reaction
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?
8 replies
0 recast
12 reactions
Kirby
@0xkirby
Europe too focused on regulation and bureaucracy while so much of its talent left for the US, it historically suffers from a huge brain drain which stifled its growth potential
1 reply
0 recast
3 reactions
↑langchain 🎩
@langchain
Social media boom was centralized in US with follow-on effects for AI/silicon development. Remains to be seen if in the next booming cycle that the US will lead. Web2 success was a mix of poor policy & genuine interest/innovation + private capital
0 reply
0 recast
1 reaction
Leo Nasskau
@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
2 replies
0 recast
0 reaction
shawn
@shawn
Post GFC, capital markets broke and are driven primarily by liquidity, not fundamentals. Same reason why value investors have been rekt for the last decade and a half.
0 reply
0 recast
3 reactions
Paul Lavers
@paullavers.eth
Productivity and PE's expanding in the US while stagnating elsewhere, mainly because of US innovation.
0 reply
1 recast
0 reaction
Fidel Ramos
@framos.eth
I'm only an armchair economist, but my instinct is that it relates to the Fed lowering interest rates earlier and lower than the ECB. That allowed US companies to take on free debt.
0 reply
0 recast
0 reaction
shawn
@shawn
Talk to fund managers who started out in the 80s and 90s (including some non US ones) - they have plenty of theories around qe infinity and the breaking of capital markets
0 reply
0 recast
0 reaction
Uwe Cerron
@uwejenscerron
co-dependency on us rates
0 reply
0 recast
0 reaction
