In the News: Fox Business

Merkel and Draghi's game of chicken may be necessary for reform, portfolio manager Axel Merk tells Fox Business

"...

'The game of chicken is absolutely necessary,' said Axel Merk, president of Merk Funds and an expert in European finance. 'The moment that the pressure is gone policy makers are wandering off and not making the sort of policy decisions they need to make. We’ve seen that over and over in the past few years.'

By 'holding the feet of the policy makers over the fire,' [policy makers are encouraged to] do 'exactly what they should be doing,' Merk added…"