Bogus Resumes

Link: Stumbling and Mumbling: Anti-capitalism: good for equities.
The French stock market outperformed the US stock market despite the latter being more market friendly:

Had you bought French rather than US stocks at pretty much any time in the last 30 years - barring the late 80s - you'd have made money.
France's out-performance has been especially marked over the last 10 years - the period when the US's productivity surge has excited Anglo-Saxon triumphalism. During this time a sterling-based investor would have made 11.7% a year in French stocks against only 7.9% in US ones.

I take two messages from this. First, anti-capitalists are, in Lenin's phrase, useful idiots - they actually help stock markets. Second, a healthy economy and a health stock market are two different things.


Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Comments are moderated, and will not appear until the author has approved them.

Your Information

(Name and email address are required. Email address will not be displayed with the comment.)