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#070 Axel Merk On Why Banks Are 'The Big Elephant In The Room'
Long-time macro investor Axel Merk (@AxelMerk), Chief Investment Officer of and founder of Merk Investments, returns to the pod for episode 70 and a wide-ranging conversation on monetary policy, the economy, the banking crisis, problems plaguing commercial real estate, the U.S. Dollar, gold and more.
In this episode, Merk points out how the economy is a mess. He also explains that those in the “soft landing” camp are ignoring “the big elephant in the room,” which is the bank balance sheets exposed to interest rate risk and commercial real estate. He later adds that the Fed’s actions are…
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