In the News: The Hill

S&P gave Washington a warning shot, portfolio manager Axel Merk tells The Hill

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'It’s a warning shot. And it’s probably not going to be the last one,' Axel Merk, president and chief investment officer at Merk Investments, told The Hill on Monday[...]'Policymakers are very slow to react,' Merk said. 'They have their cozy way of doing business, and they don’t like anybody else telling them how to do their business — whether it’s a rating agency or anyone else.'