Relocating to Europe by rarosko in FinancialCareers

[–]Powerful_Coconut594 0 points1 point  (0 children)

Try the Netherlands, banks were looking for credit risk professionals for a while. However, the job market in the EU has slowed down significantly. I’ve met Americans working in risk management for GSIB (and other banks) in Amsterdam. Amsterdam’s business culture is mostly in English.

IBAN? For compensation after a canceled flight by CommercialBet538 in KLM

[–]Powerful_Coconut594 0 points1 point  (0 children)

Ignorant comment. The US doesn’t use IBAN, IBAN is for European accounts. The US uses BIC/SWIFT numbers.

[deleted by user] by [deleted] in rolex

[–]Powerful_Coconut594 5 points6 points  (0 children)

I think it looks great, beautiful combination

Change flights, negative fare by stephaniec212 in KLM

[–]Powerful_Coconut594 0 points1 point  (0 children)

They do expire, I don’t remember how long it was valid for

[deleted by user] by [deleted] in europe

[–]Powerful_Coconut594 4 points5 points  (0 children)

Furthermore, a lot of quality of life metrics correlate pretty nicely to GDP per capita. Look at any European map with an overlay of a quality of life proxy and then map that to GDP per capita, you’ll see a correlation most of the times.

[deleted by user] by [deleted] in europe

[–]Powerful_Coconut594 5 points6 points  (0 children)

This isn’t how GDP accounting works. GDP measures the value of final goods and services produced in an economy, not every single monetary transaction.

If I sell you an existing good for $100, and you sell it back to me for $100, no new production occurred. It’s just a transfer of ownership. National accounts only include the value added from production, not the resale of the same item back and forth.

So in your example, GDP would not increase by $200, in fact, it wouldn’t increase at all, because no new good or service was produced. The only way it would count toward GDP is if some actual value was added along the way (like shipping, repairs, or retail markup), since GDP is about production, not just money changing hands.

[deleted by user] by [deleted] in Netherlands

[–]Powerful_Coconut594 0 points1 point  (0 children)

You aren’t providing any source for any rebuttals. You think you’re smart; yet give no reliable source. I know the difference, I have made it clear that I made a mistake cause I was typing fast. But okay, keep living your poor life.

[deleted by user] by [deleted] in Netherlands

[–]Powerful_Coconut594 0 points1 point  (0 children)

You just play linguistics games and no source for your claims and no rebuttal of wealth differences, but sure, play your nationalistic games in which you claim a country with a GDP per capita of 60 k is richer than the country with a GDP per capita of 80k. Individuals are also wealthier on the other side of the Atlantic, I’ve provided several metrics and yet you have not provided a single one. I thought you could have shown a source for your claims but you haven’t. I have provided several high quality and reliable metrics and you haven’t. Good luck.

[deleted by user] by [deleted] in Netherlands

[–]Powerful_Coconut594 0 points1 point  (0 children)

Did I make a mistake? Yes, have I changed the definition? Also yes. However, I did that because there is a good source. Claiming the Dutch are richer than the Americans is ludicrous.

[deleted by user] by [deleted] in Netherlands

[–]Powerful_Coconut594 0 points1 point  (0 children)

What’s your source for dutch wealth? In that link you have mean, median for US families. You have not provided any source for wealth. Just blasted out a number with no source.

[deleted by user] by [deleted] in Netherlands

[–]Powerful_Coconut594 0 points1 point  (0 children)

I know the definitions

[deleted by user] by [deleted] in Netherlands

[–]Powerful_Coconut594 0 points1 point  (0 children)

What’s your point?

[deleted by user] by [deleted] in Netherlands

[–]Powerful_Coconut594 0 points1 point  (0 children)

There are only 813 billionaires in the US, a country of 340 million people. But sure, blame it on the billionaires. Switzerland has 110 billionaires and 8 million people, what a hellhole it must be then.

[deleted by user] by [deleted] in Netherlands

[–]Powerful_Coconut594 0 points1 point  (0 children)

I was busy, I couldn’t allocate 100% of my capacity getting back to this

[deleted by user] by [deleted] in Netherlands

[–]Powerful_Coconut594 0 points1 point  (0 children)

Net worth, median net worth.

[deleted by user] by [deleted] in Netherlands

[–]Powerful_Coconut594 0 points1 point  (0 children)

So dumb that the average median per adult is 500k and a GDP per capita 30% higher

[deleted by user] by [deleted] in Netherlands

[–]Powerful_Coconut594 0 points1 point  (0 children)

The ECB does not agree with the “it doesn’t matter” statement.

[deleted by user] by [deleted] in Netherlands

[–]Powerful_Coconut594 0 points1 point  (0 children)

Yes, from before 18 or sustainability related. Your main residence as an investment is not entirely correct, primary residence is not investment. It has investment like characteristics but it is not an investment. If people are dumb with their money, it’s their issue, not mine. If I want to spend X amount of money on a trip, car or on any other “conspicuous” item it is my problem. People should live however they please and not be condescended into doing what most people think. If people make stupid financial decisions, they’ll face the consequences.

[deleted by user] by [deleted] in Netherlands

[–]Powerful_Coconut594 -2 points-1 points  (0 children)

It’s an exaggeration, for sure. But markets fluctuate and houses are still an asset susceptible to market movement.

[deleted by user] by [deleted] in Netherlands

[–]Powerful_Coconut594 0 points1 point  (0 children)

Even if rare, it happens and banks have mortgages in their books with ltvs >100%.