With recession looming, inflation and extreme dependency on Russian energy being present, I have a real bad feeling about what can happen in Europe and so I am trying to find ways to potentially offset any possible meltdowns.
My (very likely faulty) logic: Greece never recovered from the 2008 recession and we bailed the country out but not without repercussions. This time around the rate hikes might be too much and break the back of several, even bigger economies than that of Greece. Portugal, Spain, Italy, France and Greece are eurozone countries and all of those are not in the best shape and their GDP has not recovered from the 2008 crash. I consider them to be zombie economies, stagnating, barely able to reinvent themselves. Almost no room to grow, only down from here. This is the old world I am seeing and the threat of recession and inflation is making me doubt the health of Euro.
1. What is the best hedge IN YOUR OPINION against a possible currency meltdown?
2. Alternatives to your preferred investment/hedge vehicle? Preferably something physical.
No dollars please, but I am thinking about dollars as well.
Submitted July 02, 2022 at 04:27AM by daLok1nho https://ift.tt/YEZKonD
