In the News: Singapore Business Times

Portfolio manager Axel Merk tells the Singapore Business Times that a spike in borrowing cost for the government is the only thing that will break the US political deadlock

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Referring to the likelihood of fiscal reform in the U.S., portfolio manager Axel Merk comments, "...'As we learned in Europe, the only language the policy makers understand is that of the bond market,' he said. 'Unless the bond market misbehaves, you're not going to get [reform].'..."