Axel Merk


Currency Wars: The Phantom Menace

The last thing the global economy needs right now is anything that would hamper or derail economic growth. Unfortunately, there appears a growing specter of this occurring. Brazil and Japan’s recent decisions to intervene in the currency markets follow a disturbing trend. If policy makers are not careful, present dynamics may precipitate a worldwide economic slowdown, brought about by...

Merk Commentary: Fed Crossing the Line?

New York Federal Reserve Bank (Fed) president Bill Dudley’s speech Friday attracted much press attention, as it should have....

Ben in Luck

Ben had served his master for seven years, so he said to him, master, my time is up, now...

U.S. Dollar – Grave Concerns Remain

We continue to see risks ahead for the U.S. economy, and in particular, the U.S. dollar. Significant global imbalances...

Euro – Anchor of Stability?

The world’s attention is on the fiscal malaise in Greece and Portugal. Just a few months ago, policy makers...

What’s next for the Dollar?

The Federal Reserve’s Open Market Committee (FOMC) is sticking to its course for phasing out the additional purchases of...

Yen’s Kamikaze Flight Trajectory

Forget about the flight to the dollar at the peak of the financial crisis: the yen was the ultimate...