Axel Merk


2011: Year of the Yellow Brick Road

The Wizard of Oz would be proud of our policy makers: perception may be reality when it comes to investor confidence, even if we live in a fairy tale. However, investors that can afford to build a yellow brick road paved with gold may outshine those who build theirs with magic.

Debunking Bernanke’s Myth

In his interview with “60 Minutes”, Federal Reserve (Fed) Chairman Ben Bernanke suggested it is a myth that quantitative...

Merk Commentary: Pragmatic ECB Squares the Circle – Whatever it Takes

The one thing worse than a fire in a building is a fire in a building when emergency exits...

Currency Manipulation: Two Sides to Every Coin

Recently, currency manipulation has garnered headline attention. We have been constantly bombarded with rhetoric out of Washington: “China isn’t...

The Dollar: Every Man For Himself

The Federal Reserve’s (Fed’s) strategy of firing up its printing press may have the debasement of the U.S. dollar...

Japanese Yen: A Red Dawn?

For many, the strength of the Japanese yen is a conundrum. How can the currency of a country with...

Fed’s Bizarre Tactics Target Weaker Dollar

Is the Federal Reserve (Fed) experiencing a midlife crisis?