Portfolio manager Axel Merk tells Public Radio's Marketplace new asset bubbles may be growing
"Money manager Axel Merk says those countries need to do more to keep their economies under control. If they don't, recent history could repeat itself.
'The risk of a bubble bursting is the same as we had last year. When all asset classes move up in tandem, the risk is that when the bust happens, everything falls down, crashes in tandem. And that means there's no place to hide.' "