Any thoughts on how a free-money (e.g. “artificially” low interest rates enabling attractive DCF calculations, VC hurdles, et al) environment helped bring these ideas you mentioned to life?Earnings are way up.
Here's a fun hypothesis (since people like to speculate on "reasons")
Algorithms to get people to spend more money have come into full force in the past 15 years.
Facebook became dominant around.... 2008... (coincidentally!)
Big Data has become more and more refined, and profits have increased correspondingly.
Europe has privacy laws that may make it harder to collect data on people (I don't really know).
If I was a typical internet poster, I would state all the above confidently, and tell everyone this is the one, and only, reason for US out-performance.
But I'm just throwing spaghetti at the wall, and I don't really care. Because I don't know, and I don't think it's possible to know.
Too many variables. No idea if US out-performance will continue or how long.
Can we afford to do it again?
Statistics: Posted by CraigTester — Mon Dec 30, 2024 3:10 pm — Replies 7909 — Views 1782264