invest1 distinct publisher
Europe trades cheap because its firms cannot scale, and that does not mean revert
A VoxEU column puts the US-Europe listed equity gap at $34 trillion and blames market fragmentation and small-firm cost of capital. That changes what the cheap-Europe trade is buying.
Publishers:nakedcapitalism.com
Reality
- Evidence48
- Adoption
- Insufficient
- Hype gap+24
- Incentives58
- Confidence42