Wall Street Grapples with New Risk: A European Buyers' Strike(www.bloomberg.com)
14 pointsby saubeidl2 hours ago2 comments
  • eigenspacean hour ago
    In March 2025, I sold most of my American stocks that were sitting in my Canadian TFSA from before I moved to Germany, and converted the cash to Euros which then went into a mixture of European stocks, and interest earning accounts.

    While some of those American stocks saw some pretty good gains over the year that made me feel some FOMO, when you account for how much value the USD lost over that time period (and how well Rheinmetall performed), I definitely came out ahead. But I would have done it even if I had lost some money.

    For me, this was mostly about insulating myself from Trump's erattic behaviour, and retaliating in my own very limited capacity for the threats he was making against Canada's sovereignty.

    • actionfromafaran hour ago
      It's a shift. I hear more and more people talking like this. The beancounters will follow too. You can only grift profits so far before something breaks and the US federal economy has set a course for full grift ahead.
      • metalman16 minutes ago
        and because of all the restrictions on imigrants, the only ones still trying to get in are hard core grifters, trades are aging out, H1B is getting thrown out along with there tech skills, tourism must be fucking weird right now, lots of people will be avoiding any work related travel to the US as it can hardly be sold as a "perk" and horror storys abound. Cant tell for sure, but it does seem that there are less americans around in Canada right now, or it could be they are "blending", but wooooo!, are they ever getting an ear full, anywhere, anytime!