European Court of Human Rights bans weakening of secure end-to-end encryption

Re:European Court of Human Rights bans weakening of secure e... by berkes on Thursday February 15, 2024 @04:09AM (#39380580)

No.

That's what happens when there's no social system for pensions. In the US everyone and his dog has to "invest" in the stock market for their older days. In Europe this is happening more and more too, but there's also still a reasonable pension system in most countries that serves this purpose for individuals.

There are simply far more investers putting money in already inflated assets in the US than in Europe.

Take Tesla vs Volkswagen (or Porsche if you want). VW sells magnitudes more cars worldwide than TSL, even just the electric ones. Their ROI is much higher. And both their innovation is just as flakey at times (compared to e.g. Volvo who remain strong leader in all automotive innovation).

Anyone who looks at the solid figures, sees that VW is simply the stronger and more boring company. Yet people bet on the future, in which TSL promises to overtake VW. And then inflates the already inflated bubble some more, praying for that promise to be delivered on.

Praying, however, is not a good way to innovate an economy.

[ Parent | on HN ]

Re:European Court of Human Rights bans weakening of secure e... by xvector on Thursday February 15, 2024 @02:03PM (#39386912)

You do realize that pensions invest in the market too? 401ks just give you more control over the investment.

[ Parent | on HN ]

Re:European Court of Human Rights bans weakening of secure e... by berkes on Thursday February 15, 2024 @03:35PM (#39388405)

Yes, I do.

But pension funds invest very different from Jane and Joe for their retirement.

To answer equally condescending: I presume you realize that?

[ Parent | on HN ]

Re:European Court of Human Rights bans weakening of secure e... by pb7 on Thursday February 15, 2024 @04:13PM (#39388957)

Take the biggest pension fund in Europe, Norway Government Pension Fund Global with $1.5T AUM: https://www.nbim.no/en/the-fund/investments

Over 70% is invested in equities, the rest mostly in fixed income (bonds). Not a whole lot different than an average 401k invested in a target date fund. But the real zinger: over 33% of the total is invested in US equities alone, with a whopping 47% of all investments being in the US. Norway doesn't seem to share your opinion on US equities.

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Re:European Court of Human Rights bans weakening of secure e... by scotty79 on Friday February 16, 2024 @05:30AM (#39395285)

All investment involves some gambling. Putting 1/3 into US stocks is not a bet on health and creativity of US conpanies. It's a bet on the assumption that the biggest casino on Earth will keep attracting the rich that don't have other places to go. Fairly safe bet I'd say.

Regardless, it only reinforces that the notion that US stock market doesn't reflect true worth of US companies because it's flooded with capital from pension funds. Not only US ones but from the whole world.

[ Parent | on HN ]

Re:European Court of Human Rights bans weakening of secure e... by pb7 on Friday February 16, 2024 @09:18AM (#39397330)

> Putting 1/3 into US stocks is not a bet on health and creativity of US conpanies.

This type of delusion is why Europe has been falling behind economically for decades.

[ Parent | on HN ]

Re:European Court of Human Rights bans weakening of secure e... by scotty79 on Saturday February 17, 2024 @12:32AM (#39406720)

I, in my delusion have near zero influence on European economy, so if it's in fact falling behind, which it probably isn't, there must be other reason.

[ Parent | on HN ]