I'm a europoor and I'm stunned how, by magic, markets seem to be euphoric about Europe stocks. This seems to be very shortsighted as no longer than few months ago the summary table for Europe is just dark.
- Europe didn't invent anything since decades
- Europe didn't even have an attempt to create a COVID vaccine
- Europe don't produce anything meaningful
- Europe has a huge brain drain, best engineers go to America (startups, Big Corp etc)
- Europe is a runner-up choice for people wanting to immigrate, the best go elsewhere (US)
- Europe frequently says : now the situation is different, but it's always the same slowly rotting situation
- Decades learnt me that Europe's billions of investing packages in innovation should sound like : we are giving away billions to our friends and yes projects will vanish as fast as we just announced
- Europe most brilliant ideas are anyway bought out (forcebly or not, by blackmail or not) early by US, and become US companies
- Few US sanctions to some Europe companies are usually sufficient to bring Europe back to the 'right track'
- Europe is today governed by a Rothschild-Blackrock couple, which of course is US compliant, so situation should remain 'in control'
I didn't list all. These market moves are either weird or come from people idealizing and not understanding Europe's vanishing spiral.
I don't understand how Europe is having a momentum.
Why ?