My bond funds went down today, so did gold...
Now where do you go?
EPV (short Europe) looks promising. Without electricity, their factories can’t fact. The ECB (European Central Bank) holds at least $1.4 trillion in bad bank debt. Birth rate way below replacement. British and North Sea oil has not had new investment anywhere near the replacement rate. France and Germany are shutting down their nuclear power plants. Eastern Europe is only in for the freebies, and the gravy on the gravy train is mighty thin. Italy, Greece, Spain and Portugal are also net receivers. Germany, France and Scandanavia are the only Eurozone net producers, and France will be out of that club in 2022.
The exchange rate on the Euro has dropped from 1.22 to 1.04 in the last 12 months, and should be in the .85-.95 range this time next year, unless hyperinflation. So if Euro stocks are nominally flat, that’s a gain of about 16% in a year.