In the News: Bloomberg TV

Portfolio manager Axel Merk tells Bloomberg TV that the market does not have a liquidity problem, it has a solvency problem

"…Let's keep in mind that the market does not have a liquidity problem, it has a solvency problem. The market was pricing in a liquidity problem last week[…] the liquidity that is being provided can keep a banking system afloat[...] for the euro, this may even be neutral in the long term."