In the News: WSJ

Greece needs to attract speculators, portfolio manager Axel Merk tells the Wall Street Journal

"...

'Greece has made it clear they don't want speculators and they banned them from participating in the auctions,' said Axel Merk, president and chief investment officer of Merk Investments and manager of the Merk Mutual Funds. 'But it's the speculators Greece needs to buy speculative paper—while a crisis may have been averted for Greece, their paper is still speculative.' ..."