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Merk In the News: Reuters
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Portfolio manager Axel Merk tells Reuters the market interprets the Fed's tapering as tightening

"...'They do indeed plan to taper purchases later this year and hope to be done by next summer. Bernanke wants to communicate that this is not necessarily tightening, but the market may not see it that way,' said Axel Merk, president and chief investment officer of Merk Investments in Palo Alto, California..."