In the News:
The Hill

The Fed may be propping up a broken system, portfolio manager Axel Merk tells The Hill.

"Axel Merk, the portfolio manager of Merk Investments, sees Federal Reserve actions to keep interest rates low as 'propping up a broken system' and questions the wisdom of providing incentives for consumers to spend on mortgages and cars when they should be saving.

'I think as this thing progresses, they're going to get frustrated,' he said of Washington policymakers. 'Nothing will work out as planned.' "