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Bernanke Wants a Weaker Dollar, Buy the Euro: Currency Fund Manager
Axel Merk, currency expert and president of Merk Investments, thinks the U.S. dollar is going lower -- and it's Ben Bernanke's fault. The United States has a "Fed that wants a lower dollar" Merk says, offering an opinion that everyone except the Fed accepts as fact. The Fed's goal is to attempt to limit the deleterious impact of the greater than 9% unemployment and the hangover caused by the "Great Recession." In contrast the European Union is looking to strangle the weakness out of the system through austerity. This stereotypically Germanic approach is one of the reasons Merk is an unapologetic euro bull. "In the ... (full story)
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