“When America sneezes, the World catches a cold” This widely used saying dates back to Austrian politician Klemens von Metternich
Klemens von Metternich
Klemens Wenzel Nepomuk Lothar, Prince of Metternich-Winneburg zu Beilstein was an Austrian diplomat who was at the center of European affairs for four decades as the Austrian Empire's foreign minister from 1809 and Chancellor from 1821 until the liberal Revolutions of 1848 forced …
Why do we say “when France sneezes the whole Europe catches a cold”?
Unsurprisingly for the Napoleonic era, Metternich’s phrase was actually “when France sneezes, the whole of Europe catches a cold.” So just like the United States was formed by immigrants from Europe, the classically American phrase that we now use to express America’s...
Does America catch a cold when it sneeze?
A Chinese newspaper said more specifically that when the U.S. sneezes, Shanghai catches cold. MONTAGNE: In Europe, Britain's Telegraph newspaper reports that when America sneezes, Britain catches a cold.
When does a person catch a cold?
when sneezes when sneezes, catches a cold when someone is least expecting it when someone least expect it when someone least expected it when someone least expects it when someone sneezes, someone catches a cold when someone sneezes, someone else catches a cold when someone was least expecting it when someone's boat comes in
When skies are grey when sneezes when sneezes does someone catch a cold?
When Skies Are Grey when sneezes when sneezes, catches a cold when someone is least expecting it when someone least expect it when someone least expected it when someone least expects it when someone sneezes, someone catches a cold when someone sneezes, someone else catches a cold when someone was least expecting it when someone's boat comes in
When France sneezes Europe catches a cold quote?
Answer: If France is sneezing, the rest of Europe catches cold,' said the Austrian Chancellor, Metternich. He found the political changes in France to be exciting for other European countries. Like the French Revolution and democracy, fairness & fraternity values.
When America coughs Canada catches a cold?
For years the old adage “when the U.S. sneezes Canada catches cold” has applied to the direction of the Canadian economy relative to the American economy. This strong link is as a result of our Canadian economy being so closely tied to the U.S. economy as a result of the huge amount of trade between our two countries.
What would you say if everyone in the country sneezed at the same time?
Q: What would you say if everyone in the country sneezed at the same time? A: God bless America!
When an American economy sneezes the rest of the world catches a cold what does this mean *?
A lost job leads to lower consumer spending leads to fewer imports; weak business conditions lead to less investment in the equipment or supplies that are often produced elsewhere.
How do I tell if it's a cold or Covid?
Both COVID-19 and the common cold are caused by viruses....Symptom check: Is it COVID-19 or a cold?Symptom or signCOVID-19ColdTirednessUsuallySometimesSneezingRarelySometimesSore throatUsuallyUsuallyRunny or stuffy noseUsuallyUsually6 more rows
Is my cough Covid or cold?
Comparing Cold, Flu, Allergies, and COVID-19SymptomsColdFluCoughCommonCommon, can become severeChest DiscomfortMild to moderateCommonLoss of Taste or SmellRarelyRarely14 more rows
When Paris sneezes, Europe catches a cold?
This widely used saying dates back to Austrian politician Klemens von Metternich (1773 – 1859) who, at the time of Napoleon, penned the phrase “When Paris sneezes, Europe catches a cold.” Economists and politicians have amended Metternich’s words to reflect America’s dominant role in global economics since the start of the twentieth century. Today, this phrase may be particularly apposite.
What happened in the 1980s and 1990s?
In the 1980s and 1990s, significant technological changes again drove economic and corporate profit growth. Both periods were associated with significant corrections such as the mini bear market in 1957 to mid-1958 and again for six months in 1962.
How long did the October crash last?
During the ten-fold rise in markets over the twenty years from June 1980, the October ‘crash’, sometimes called ‘Black Monday’, lasted just four months. The market did not regain its previous highs until two years later. The pattern of these secular bull markets is particularly interesting and may bear relevance to the position of markets today.
How long has the US been in economic expansion?
According to the National Bureau of Economics, the U.S. is now in its longest period of economic expansion since records began in 1854. Of course, five years of this ten-year period involved restoring the economy to previous peak levels after the financial crisis.
Does Germany have a 15 year bond?
In the case of Germany, government bonds out to a fifteen-year maturity provide no interest payments. Investors are lending money to the German government and receiving no return. In effect they are paying the German government for the privilege of lending them money.
Why did Lopez Obrador go to Washington?
Lopez Obrador undertook a risky visit with President Donald Trump earlier in July, couching his journey to Washington as a matter of economic necessity as Mexico attempts to revive an economy that could shrink by 10% or more this year, according to forecasts.
When did the USMCA take effect?
The Mexican president hopes the new United States-Mexico-Canada Agreement (USMCA) trade deal, which took effect on July 1 , will spur business and investment, but pessimism about the outlook has been growing. “To the point that people in the U.S. are losing jobs or incomes it is a downward weight ...
What is the U.S. policy that threatens to pull the world under now?
But if it was U.S. policy that pushed the world higher then, it is U.S. policy that threatens to pull the world under now as the country’s troubled response to the coronavirus pandemic emerge s as a chief risk to any sustained global recovery. Officials from Mexico to Japan are already on edge.
How many times does the MSCI All Country World Ex US index trade?
It currently trades at 22 times the expected earnings over the next 12 months, compared to 16 times for the MSCI All Country World ex US index. That does not necessarily tell us much, since the US usually trades at a premium, but the gap has grown wider and wider.
Who coined the phrase "America's financial exceptionalism"?
Ironically, it appears the phrase itself was coined by Joseph Stalin (or someone in his inner circle). The Soviet dictator was weighing in on the debate in communist circles that American capitalism was not fertile soil for the Marxist revolution they deemed inevitable everywhere else. Investors are familiar with America’s financial exceptionalism. ...
Will the dollar weakness support emerging markets?
If a period of dollar weakness lies ahead, as many expect with US interest rates no longer significantly higher than anywhere else, this should support the non-US equity returns, particularly emerging markets .
Is the dollar at risk of losing its reserve currency?
One of these is to make it more costly to service dollar-denominated debt. While the dollar is at no risk of losing its reserve currency status (there is simply no other currency that can currently fulfil that role), that does not mean it cannot have periods of cyclical weakness.
Is the US dollar a reserve currency?
To that one can add the US dollar’s reserve currency status , and its disproportionate share of global foreign exchange markets (around 80%) and use in global trade invoicing and funding, and of course the fact that most commodities are priced in dollars.
Does the US dollar outperform the rest of the world?
This does not mean , of course , that American financial assets always outperform the rest of the world. Markets are cyclical in the US and elsewhere. For instance, since becoming a free-floating currency when President Nixon broke the gold peg in 1971, the US dollar has experienced three big multi-year bull markets.
What does it mean when a country sneezes?
If you say that when a particular country sneezes, another catches cold, or catches a cold, you mean that what happens to the first country has a great effect or influence on the second. And when the American economy sneezes, the City of London catches cold. As they say, when America sneezes the rest of the world catches a cold.
When A sneezes, B catches a cold?
when A ˈsneezes, B catches a ˈcold. (also if A catches a ˈcold, B gets pneuˈmonia less frequent) if one person, organization, country, etc. has a problem, the effects of this on another person, organization or country are much more serious: When Wall Street sneezes, the world catches a cold. See also: catch, cold.
What is the meaning of "catches a cold"?
When a person, group, or entity has a problem or experiences a negative situation, a related person, group, or entity will consequently have a worse problem or will experience a more negative situation. When Paris sneezes, Europe catches a cold. Terrorism in France affects security throughout the continent. See also: catch, cold.
Who said "If you're catching a cold, let me sneeze for you"?
Mr. JIMMY DURANTE (Singer): Ethyl, if you're catching a cold, let me sneeze for you.
Who said "I'll freeze for you"?
Mr. DURANTE: (Singing) I'll freeze for you.
The Biggest by Far
What Lies Ahead?
- That is ultimately the proverbial million-dollar question: over the next decade, is it the US or the rest that outperforms? To answer that, we first need to get into some of the other reasons behind the performance gap, and then consider valuations. The 800-pound gorilla is America’s world-beating technology sector. In particular, the famous five of Facebook, Apple, Amazon, Microsoft …
Fading Support
- Two other supports for US markets might fade in the meantime. US companies have been much more aggressive in buying back their own shares than in other parts of the world in recent years. More broadly, US company executives have been much more faithful to the creed of maximising shareholder value than the principle of acting in the interest of a broader set of stakeholders, inc…
Expensive Market
- This gets us to valuations. Relative to its own history, the US market was last this expensive in the throes of the dotcom bubble, though valuations moved even higher then. Interest rates were also much higher though. Valuations are not market timing tools, and US equities can continue rallying for some time. However, the current valuations do tell us not to get too excited about the long-te…