Axel Merk: Another Bank Plunges 50%: 'This Is More Serious Than Anticipated'
The David Lin Report, Released on 5/4/23
Axel Merk, President of Merk Investments, discusses the key underlying issues of the banking sectors, the assets that will likely perform the best in 2023, and the Federal Reserve's next moves.
0:00 - Intro0:50 - Fed's next moves3:16 - Market reaction5:18 - Fed's views on recession7:28 - Rate hike or cut?9:17 - PacWest stock crash15:08 - Banks and commercial real estate19:53 - Risk assets will suffer23:44 - Inflation expectations27:00 - Dollar expectations29:48 - Gold
Axel Merk is the Founder, President, Portfolio Manager, and CIO at Merk Investments LLC. He is an expert on qualitative research and macroeconomic trends. Mr. Merk is also an expert on macro trends, hard money, international investing, and on building sustainable wealth, and he is a pioneer in the use of strategic currency investing to seek diversification. He is a speaker and author on topics ranging from the economy, gold, and currencies to sustainable wealth and personal finance, as well as a regular guest and contributor to the business media around the world. Mr. Merk is an Author of the book Sustainable Wealth: Achieve Financial Security in a Volatile World of Debt and Consumption
Axel Merk: Another Bank Plunges 50%: 'This Is More Serious Than Anticipated' added by Herman James on 05/03/2023View all posts by Herman James ?+'