In the News: Yahoo! Tech Ticker

Portfolio manager Axel Merk tells Yahoo! Finance that QE2 puts the fed on a very dangerous path

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The Fed is on a 'very dangerous path,' says Axel Merk, president of Merk Mutual Funds. 'The best case we can get is inflationary growth, but the downside risks are very high. [Bernanke] thinks a weaker dollar is going to stimulate the economy. Let's hope it's only a gradual decline, not a crash.'

'I think he [Bernanke] is dead wrong. The reason is the damage he is creating with quantitative easing far outweighs the potential benefit.'

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