In the News: Wall Street Journal

Portfolio manager Axel Merk tells the WSJ that policy makers should embrace, not work against Credit Default Swaps (CDS)

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'If policy makers are scared of CDS, let’s move them onto a regulated exchange with proper margin requirements,' says Axel Merk, president of Merk Mutual Funds. 'Margin requirements do wonders in imposing discipline on speculators…but they should be driven by the volatility of the instruments, not the political mood.' ..."