How tankies and MAGAts view the Ukraine war

Don't be fooled. The americans dont care about russia or ukraine. They don't care how many people die there. They care about the drawing of maps and high level realpolitik like if the world was a game of civilization.

But mostly they care about one thing, and one thing only:

https://english.elpais.com/economy-and-business/2024-08-27/ukraine-and-gaza-wars-boost-the-value-of-major-arms-manufacturers.html

The rise in the share price of European companies in the sector was stronger than that of their North American counterparts (129% versus 31%), which Lliso attributes to the fact that in the United States the rise “started earlier and the European stock markets joined in later.” Despite this, the difference between the two groups remains vast: the market value of the seven American giants has reached €532 billion, while that of their European counterparts remains at €230.65 billion.

The profitability of the arms industry has not grown in step with its stock market value, since the latter is derived from the expectation of future profits and the materialization of contracts can be prolonged over a long period of time. “When the war in Ukraine began, we saw that the gap between the relative valuation of companies and their results widened: shares rose while turnover remained the same. Investors are not only looking for immediate profits, but also for medium-term profits,” explains the Accuracy partner.

The average EBITDA margin of the two groups (U.S. and European arms manufacturers) remained stable over this period, ranging from 14.3% at the end of 2021 to 12.7% at the beginning of 2024, although in Europe it increased by 2.1 points (from 11.7 to 13.8%), while in America it fell by 4.3 (from 16.5 to 12.2%), narrowing the gap between the two.