In the News: Businessweek

The world is awash with money, portfolio manager Axel Merk tells Bloomberg Businessweek

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The chase for capital still may take time to trigger higher borrowing costs because 'the world is awash with money,' said Axel Merk, president of Merk Investments LLC in Palo Alto, California. The 10-year Treasury yield has fallen to 3.11 percent from 3.61 percent at the start of this quarter on signs of a U.S. slowdown and continued purchases by the Federal Reserve of $600 billion in government debt. …"