Wall Street Grapples with New Risk: A European Buyers' Strike

33 pointsposted 7 hours ago
by saubeidl

12 Comments

wolvoleo

an hour ago

One only needs to look at Tesla to see this is real. It got the brunt of it because of Elon's nazi salutes which caused Teslas to get a 'swasticar' reputation here and it's still not recovered. Him speaking at extreme-right events in the UK has not helped either.

The Greenland crisis brought this to American brands on a higher scale and I'm sure we'll see the effects of that during the coming year. Many questions are now asked about our reliance on US products and services.

eigenspace

7 hours 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.

wolvoleo

an hour ago

You mean the threats he is making.

Only last week he posted a picture with Canada under a US flag (as well as Greenland and Venezuela)

eigenspace

17 minutes ago

Im well aware. But I was explaining a discrete action I took in the past, in reaction to a thing that was happening then.

actionfromafar

6 hours 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.

metalman

6 hours 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!

wolvoleo

41 minutes ago

True there was talk of a workshop in the US at my workplace and I informed them from the start that I would be unwilling to attend. It's in a super blue state but no.

We have a lot of people in the US including leaders and some at the meeting were irritated because it draws attention to the issue they're trying to pretend doesn't exist, but I don't care.

user

3 hours ago

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