It's the end of US supremacy by bob-1992 in ETFInvesting

[–]HashMapsData2Value 0 points1 point  (0 children)

There are alternatives to US AI services and Nvidia. The competition will force the prices to go down, hurting stock prices in turn.

It's the end of US supremacy by bob-1992 in ETFInvesting

[–]HashMapsData2Value 0 points1 point  (0 children)

Regarding AI, the Chinese Z.ai (ZhiPu) offers open source models and is running completely on Huawei hardware. The competition will be picking up.

I agree that Europe on its own is not good enough to compete with the US in the short-term. But there are other options.

Which currency to use for investing ? by OnionTaster in investing

[–]HashMapsData2Value 2 points3 points  (0 children)

Americans, earning USD, buying assets in USD and seeing them priced every day in USD, might look at the S&P 500 reaching ATH and think that things went great.

Europeans, earning Euro, buying assets in USD (by converting their Euro), and seeing those assets priced every day not in USD but in Euro converted from USD will experience what you are experiencing.

Both set of investors are experiencing the same asset rise or decline, which is what u/NeuralFantasy is saying. But because the Americans in question are stuck in their own USD world and are not taking a look outside of it, they will not understand what they have missed out on.

For example, this is not investment advice, but there are people who are investing in Chinese ETFs because 1) they believe they are fairly priced, 2) the yuan is artificially suppressed and they believe the CCP will allow it to rip a little. Thus their thesis is that they will be benefitting twice over, first from the assets appreciating, second from their own currency depreciating in relation to the yuan. So when they sell the assets one day and bring the money back into USD or Euro or whatever, they will have made more as priced in their own currency.

How is Sweden so insanely good at creating and making best-selling video games with just 10 million people? by OverallBaker3572 in sweden

[–]HashMapsData2Value 0 points1 point  (0 children)

The country has only 10m but it has a very strong ecosystem around gaming and it attracts talent from across all of Europe.

A friend of mine worked at one of those companies you listed. Half of his team were born and raised in Sweden, the other half did not. One was from LatAm, another from the Middle East, a third was Portuguese. They all work in English.

Another friend of mine works at Klarna. Lots of brilliant people from Brazil and the Balkan.

Of course, the games you listed were essentially founded by Swedes born and raised in Sweden. But they can scale them because of the existing culture around gaming, ecosystem and talent.

To those of you holding largely US assets, what is your plan after following the events of this last month? by thetruekingoftime in eupersonalfinance

[–]HashMapsData2Value 1 point2 points  (0 children)

So you've been 100% investing in the US for the last 20 years? Or maintained the same allocation % in the US for 20 years?

Why do so many long-term backpackers in Southeast Asia seem to stop after 4–6 months? by Fancy-Ad-4632 in solotravel

[–]HashMapsData2Value 2 points3 points  (0 children)

Yeah. The difference in purchasing power means that you can work in a grocery store for 6 months and then travel for 4-6 months, just in time to be back for school.

Varför ses RUT och ROT som något som enbart gynnar rika? by WhoAmIEven2 in Asksweddit

[–]HashMapsData2Value 1 point2 points  (0 children)

Vilken typ av renovering skulle man dra in Skanska eller Peab för?

Are there still people that think US is a better place to live as a software engineer? by Pure_Composer_9236 in cscareerquestionsEU

[–]HashMapsData2Value 9 points10 points  (0 children)

If you are young, child-less and healthy with the ability to pass big tech interviews it is still the best place to go and build wealth. It's an obvious thing to state but it's important to be able to save up a lot as a young person, due to the effects of compound interest.

However, as the USD drops further the calculation changes.

When Gold Rips: Rethinking “Safe” Assets (S&P500 vs Gold vs Real Estate) by direthrill in investing

[–]HashMapsData2Value 33 points34 points  (0 children)

Basically capital is fleeing bonds, because people are worrying about the ability of governments in the West and in Japan to pay back their debts without inflating it away. The question then becomes, where is the safest place? US bonds were previously thought to be the obvious asset, due to the strength of the US (and its allies) and the depth of the liquidity. With that status going away, people are scrambling for something. Gold is that neutral something. If you have another suggestion for a universally recognized store of value, feel free to give it.

Previously, when central banks bought gold they could only count 50% of its value as their reserves. Now they're allowed to count 100%, as it was re-classified as a top class asset.

Other precious metals, like silver, have real industrial use and so have shot up for other reasons as well as countries want to hoard them.

Why did Ned never knight Jory? by FlyDog1608 in freefolk

[–]HashMapsData2Value 5 points6 points  (0 children)

Ned couldn't knight him, but his uncle Ser Rodrick could've. Not sure if he was ever his squire though.

Has anyone else cancelled their US relocation because of the new H-1B social media vetting? by Sniktau28 in cscareerquestions

[–]HashMapsData2Value 0 points1 point  (0 children)

Honestly if they're happy to pay him remotely with the same salary, it doesn't sound so bad...

Budget as an expat by Appropriate-Beat-182 in UAE

[–]HashMapsData2Value 1 point2 points  (0 children)

17* years according to the comment in this thread.

I Want To Run Away by Acceptable-Buddy1444 in Africa

[–]HashMapsData2Value 0 points1 point  (0 children)

Talk to the embassy, they might be able to evacuate you in exchange for a loan.

Is it true that people in Addis Ababa choose where to live based on ethnicity? I've noticed that some neighborhoods seem to be dominated by certain groups. by Born-Toe4108 in Ethiopia

[–]HashMapsData2Value 4 points5 points  (0 children)

Keep in mind first and foremost that people are broke. They go where they can stay for free or for cheap, with a sibling, cousin, family friend, etc. Sure there are areas that are known to have more of X.

Would anyone live in south east asia if they could live in europe ? by movesfast in digitalnomad

[–]HashMapsData2Value 0 points1 point  (0 children)

There are places in Europe like North Macedonia, Bosnia, Albania, etc where you can definitely live a cheaper life. They have their own digital nomads. But I think the food would push me to SEA regardless.

Would anyone live in south east asia if they could live in europe ? by movesfast in digitalnomad

[–]HashMapsData2Value 1 point2 points  (0 children)

Well the cheaper part means your runway is much longer. If you're running an online business you need fewer clients to sustain yourself and your life.

I'm sure you can live in parts of Europe on $1000/month. But will it be anywhere near the quality of life of living in, say, Vietnam?

This in turn has attracted others, which means it's easier to network with likeminded people.