In the News: Bloomberg Businessweek

The end of QE2 is not an exit and doesn't mean tightening, portfolio manager Axel Merk tells Bloomberg Businessweek

"...

The central bank will continue to invest the proceeds of maturing securities back into the bond market, meaning 'the economy and the banking system in particular will remain awash in money,' said Axel Merk, president and chief investment officer of Palo Alto, California-based Merk Investments LLC, which manages $700 million in mutual funds that specialize in currencies.

'There’s a lot of potential stimulus available and that’s not going to change,' said Merk…"