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Merk In the News: CNBC
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Portfolio manager Axel Merk tells CNBC the U.S. cannot afford a hawkish Fed Chair

"...The challenge we have is that we cannot afford somebody like Paul Volker, we cannot afford to have a tough, hawkish Fed Chair because our government debt could not be financed. I've long argued that the biggest threat we may be facing is economic growth because then bond markets around the world would tumble. So we are addicted to someone like Janet Yellen who is going to ensure that we get "bailed out" by keeping yields low and that cannot possibly have a good ending..."