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I would stay away from US fixed income due to low spreads, higher than usual inflation and a devaluing currency in forex.

I'd say ex-US international value stocks, especially EU, are a better hedge.



Agreed on globally diversified value stocks/funds. Personally I still like to have a fixed income cushion as well, though there are certainly arguments both ways on that. (And on whether to globally diversify the bonds you do hold.)




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