{"nodeType":"document","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Bislang war es doch so:","marks":[{"type":"bold"}],"data":{}},{"nodeType":"text","value":" Die US-Wirtschaft war innovativer und profitabler als die europäische. Die Folgen:","marks":[],"data":{}}]},{"nodeType":"unordered-list","data":{},"content":[{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Die USA erzielten ein im Durchschnitt um ein Prozent höheres BIP-Wachstum.","marks":[],"data":{}}]}]}]},{"nodeType":"embedded-entry-block","data":{"target":{"metadata":{"tags":[],"concepts":[]},"sys":{"id":"4tyRU3kamxQhKola55OUxb","type":"Entry","createdAt":"2025-05-21T22:56:16.950Z","updatedAt":"2025-05-21T22:57:03.012Z","publishedVersion":9,"revision":2,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"infoGraphic"}},"locale":"de"},"fields":{"title":"Was die USA besser machen","description":"Aufschlüsselung des überdurchschnittlichen BIP-Wachstums der USA gegenüber der Eurozone, Jahresdurchschnitt 2008 bis 2023, Werte in Prozentpunkte des BIP-Wachstums","media":{"sys":{"type":"Link","linkType":"Entry","id":"3KacbBj6tVTaldeUbnIoP5"},"fields":{"id":"SW1hZ2VXaXRoTWV0YS0zS2FjYkJqNnRWVGFsZGVVYm5Jb1A1X19fMzIzMjE3ZjY0M2MzZTNmMWZlNzUzMmU3MmFjMDFiYjA3NDhjOTdiZQ","url":"//image-service.thepioneer.de/show/mj324dykhxwi/6WRz3yjFA4QdWpXirDKiHW/7d05924397c2b411a2fac36629e66ca9/20250522-infografik-media-pioneer-BIP-Wachstums-ohne.png","preview":"","width":1560,"height":1823,"assetId":"6WRz3yjFA4QdWpXirDKiHW","link":null,"title":"Was die USA besser machen","description":"","fileSize":594925,"contentType":"image/png"}},"slug":"was-die-usa-besser-machen","download":{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"mj324dykhxwi"}},"id":"1a8koyE3glhXznNBTYpCTQ","type":"Asset","createdAt":"2025-05-21T22:56:04.731Z","updatedAt":"2025-05-21T22:56:04.731Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":4,"revision":1,"locale":"de"},"fields":{"title":"Was die USA besser machen","description":"","file":{"url":"//images.ctfassets.net/mj324dykhxwi/1a8koyE3glhXznNBTYpCTQ/85bb516569430782ff142eb02c27ca54/20250522-infografik-media-pioneer-BIP-Wachstums.png","details":{"size":650414,"image":{"width":1700,"height":2267}},"fileName":"20250522-infografik-media-pioneer-BIP-Wachstums.png","contentType":"image/png"}}},"tags":[{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"mj324dykhxwi"}},"id":"2v0krqGqSmIKpajNwb3GXI","type":"Entry","createdAt":"2025-05-21T22:56:52.767Z","updatedAt":"2025-05-21T22:56:52.767Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":1,"revision":1,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"tag"}},"locale":"de"},"fields":{"title":"Wirtschaftsvergleich"}},{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"mj324dykhxwi"}},"id":"13NNZz5UjZ1nCAE1BfFKSp","type":"Entry","createdAt":"2023-12-18T11:15:57.050Z","updatedAt":"2023-12-18T11:15:57.050Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":1,"revision":1,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"tag"}},"locale":"de"},"fields":{"title":"BIP-Wachstum"}},{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"mj324dykhxwi"}},"id":"36GjOhGiCyMbRcXINzuWhg","type":"Entry","createdAt":"2020-03-13T22:23:41.967Z","updatedAt":"2022-05-04T23:39:49.151Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":8,"revision":2,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"tag"}},"locale":"de"},"fields":{"title":"USA"}},{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"mj324dykhxwi"}},"id":"3Y410OElPmyoHLSAWJXE2l","type":"Entry","createdAt":"2020-03-18T22:56:03.576Z","updatedAt":"2020-03-18T22:56:03.576Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":21,"revision":1,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"tag"}},"locale":"de"},"fields":{"title":"Eurozone"}}],"publishingDate":"2025-05-21T00:00","id":"SW5mb0dyYXBoaWMtNHR5UlUza2FteFFoS29sYTU1T1V4Yg"}}},"content":[]},{"nodeType":"unordered-list","data":{},"content":[{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Zwischen 2010 und 2022 stiegen die US-Gewinne je Aktie um 14 Prozent pro Jahr. Bei den Europäern waren es zwei Prozent. ","marks":[],"data":{}}]}]},{"nodeType":"list-item","data":{},"content":[{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Der S&P 500 entwickelte sich besser als der Euro Stoxx 50 oder 600. Das KGV von US-Aktien ist darum auch höher als in Europa.","marks":[],"data":{}}]}]}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Und nun?","marks":[{"type":"bold"}],"data":{}},{"nodeType":"text","value":" Euro-Aktien performen seit einigen Monaten besser als US-Aktien. Seit dem vierten Quartal 2022 steigerten die europäischen Unternehmen ihre Gewinne um zwölf Prozent pro Jahr und die US-Unternehmen um fünf Prozent.","marks":[],"data":{}}]},{"nodeType":"paragraph","data":{},"content":[{"nodeType":"text","value":"Hält der neue Trend an?","marks":[{"type":"bold"}],"data":{}},{"nodeType":"text","value":" Die Antwort darauf kommt von ","marks":[],"data":{}},{"nodeType":"text","value":"Raheel Siddiqui","marks":[{"type":"bold"}],"data":{}},{"nodeType":"text","value":", Senior Investmentstratege beim US-Vermögensverwalter ","marks":[],"data":{}},{"nodeType":"text","value":"Neuberger Berman","marks":[{"type":"italic"}],"data":{}},{"nodeType":"text","value":". Er sagt:","marks":[],"data":{}}]}]}

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