I think the economies of the European Union are reaching a generational low. I think many would disagree with me. They would tell me the EU will disintegrate and the Euro will disappear. Those may happen but I still think it is less likely. I think the migrants will lower the EU average age, begin paying taxes, import their capital and become entrepreneurial. Currently it just looks like a dilemma and mess.
Please read the newsletter to get get more detail on my contrarian idea, but it is nice to see the Eurozone PMI (purchasing managers index) at a 6 year high and European stocks are reflecting this.
Chart Courtesy of Stockcharts.com
Europe is unloved, improving, in an uptrend and undervalued.
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