"People should have much more confidence in the euro to stomach any shock that would come from Greece," he says. "Ultimately, people can print money much [easier] in the U.S. than elsewhere in the world and the U.S. dollar is going to suffer because of that," he explained
Wednesday, March 17, 2010
The Dollar Is Going to Suffer says Axel Merk
"The Greek tragedy is going to continue [and] there will be some ups and some down," says Axel Merk, founder and president of Merk Investments and author of Sustainable Wealth.
"People should have much more confidence in the euro to stomach any shock that would come from Greece," he says. "Ultimately, people can print money much [easier] in the U.S. than elsewhere in the world and the U.S. dollar is going to suffer because of that," he explained
"People should have much more confidence in the euro to stomach any shock that would come from Greece," he says. "Ultimately, people can print money much [easier] in the U.S. than elsewhere in the world and the U.S. dollar is going to suffer because of that," he explained
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