[justonepost]

THey don't need a majority. They'd use it as negotiating leverage, ie, I'll vote this way if you vote that way.

What's interesting though is that Germany is an industrial powerhouse compared to the US.

[jayalpha]

"What's interesting though is that Germany is an industrial powerhouse compared to the US."

There are two reasons for that.

1. The US has the stuff she develops produced abroad (IT, Computer, Phones etc.), mainly due to tax reasons (Produce in China, sell to Hongkong, sell to the US, major mark up in HK is done tax free).

2. German companies don't not pay their engineers. You can make more as a dog walker in the US or an English teacher in China than as many engineers in Germany.

[skookumchuck]

> What's interesting though is that Germany is an industrial powerhouse compared to the US.

The DAX is up 37% since 2015, the S&P500 is up 74%. (That's as far back as DAX goes on Yahoo finance.)

[jayalpha]

He said industrial powerhouse, not financial powerhouse.

[skookumchuck]

It's not the banking industry that is driving the stock market in the US.

[jayalpha]

Based on P/E ratios, it's not the economy either.