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GoldSeek Radio Nugget -- Axel Merk: Stagflation, Reality is stranger than fiction
3 years ago
459
Head of Merk Investment, Axel Merk returns with says when it comes to financial markets and economic activity, "reality is stranger than fiction."
The pace of Fed rate hikes could pause after two more hikes, first .50. Even if Fed policymakers "pivot", lowering rates, it may not be sustainable - rates could continue higher than most investors anticipate.
Our guest expects "Stagflation" as economic conditions continue to contract as prices continue higher - Merk launched a stagflation ETF.
Merk investments is watching money flows in gold ETFs and junior gold mining companies, which tend to outperform amid similar economic conditions.
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