Ray Dalio's Short Puzzle for Bridgewater Is Missing Some Pieces - Bloomberg

Ray Dalio's Short Puzzle for Bridgewater Is Missing Some Pieces - Bloomberg



U.S. companies have done even better than the U.S. economy in recent years. Earnings per share for the S&P 500 Index have grown by 9.7 percent a year from 2010 to 2017, or real growth of 8 percent. 





Here’s the disconnect, however: Unlike U.S. companies, those in the Euro Stoxx 50 have performed horribly. Their revenue declined 1.3 percent annually from 2010 to 2017. They eked out earnings growth of 0.3 percent a year thanks to cost cutting.