In the News: BankRate

Portfolio manager axel merk tells BankRate "How a Weak Dollar Drains Your Pocketbook"

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'If you are corporate America, you are squeezed; you have high input costs and very little pricing power at the selling side. These high commodity prices are putting additional pressures on corporate America to accelerate outsourcing, and that is one of the key reasons that real wages haven't gone anywhere,' says Axel Merk, president and CIO of Merk Investments.

Merk says a weakened dollar improves quarterly earnings for U.S. multinationals since it improves exports[…]'The strength of the currency is really a reflection of the strength of the economy and the nation. Most importantly it is a reflection of the fact that your currency is a store of value. You can save and that money will buy you something down the road,' says Merk…"