My question wasnt ironic by any means. The cover just concluded after a period of high inflation stocks didnt offer any protection and I wonder why. The cliché is 'they will print money, buy stocks!' The Greenspan and Bernanke put. Apparantly that logic wasnt around in the seventies?
The European Union and the United States have the largest bilateral trade relationship in the world In 2006 the EU and the US combined economies accounted for nearly 60% of global GDP, 33% of world trade in goods and 42% of world trade in services. The EU and the US are each other's main trading partners. Trade flows across the Atlantic amount to around â¬1.7 billion every day. The two economies are interdependent to a high degree. Close to a quarter of all EU-US trade consists of transactions within firms based on their investments on either side of the Atlantic. The transatlantic relationship also defines the shape of the global economy as a whole as either the EU or the US is also the largest trade and investment partner for almost all other countries in the global economy. Total FDI stocks held in each others countries reach approximately â¬1.89 trillion. The overall "transatlantic workforce" is estimated at 12 to 14 million people, of which roughly half are Americans who owe their jobs directly or indirectly to EU companies. http://ec.europa.eu/trade/creating-opportunities/bilateral-relations/countries/united-states/ Bit outdated perhaps?