In the News: Business Week

Portfolio manager Axel Merk tells Business Week that the cost of borrowing may rise for all governments

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'The message is that the cost of borrowing will rise -- for all governments,' said Axel Merk, president of Palo Alto, California-based Merk Investments LLC, which manages more than $550 million in mutual funds that specialize in currencies. 'In this environment I don’t see how the Fed can follow through with its posturing about tightening.' ..."