In the News: The Hill

Portfolio manager Axel Merk tells The Hill that QE3 has become a real possibility

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'Everyone thought a few weeks ago it was impossible to have QE3, and now it becomes a real possibility,' said Axel Merk, president and chief investment officer at Merk Investments...

'QE2 is not ending; the liquidity that’s being created remains in the system. The money that’s been printed keeps the banking system awash in money,' said Merk. 'In many ways, the Fed has done what it can do … the problems we have are not one of low interest rates; the problem is one of overextended consumers.'