In the News:
High Yield Report

Portfolio Manager Axel Merk tells the High Yield Report that you have to start somewhere getting the system back up and running. 
 
"Credit market investors said that offering help to the commercial paper market could be an effective move that could foster movement in the frozen market. 'You've got to start somewhere in getting the system back up and running,' said Axel Merk, manager of the Merk Hard Currency Fund. He said that investors were not buying commercial paper because of concerns about its liquidity. The Feds program would inject that liquidity into the market. 'By having the Federal Reserve in there, theyre trying to heal the system from bottom up.' "