Axel Merk – Boatloads of Money Coming No Matter Who Wins
by Greg Hunter
USA Watchdog
Money manager Axel Merk manages about $1 billion in assets. Surprisingly, the signals he is getting from the markets are relatively calm despite the political storm sweeping the country. Merk explains, “The markets are not pricing in a panic. There is also a betting market about when the results are going to be known, and that has priced in less tensions. The results are going to be known sooner rather than later. The markets are pricing in a clear winner.”
Maybe the markets are seeing what Merk is seeing no matter who wins in November. Merk says, “We love one guy and hate the other guy. I care more about fiscal spending. As I said earlier, yeah, we are going to spend a boatload of money. They are going to spend it a little differently and on different priorities, but they are going to spend a boatload of money. They are politicians, and they can’t help it. One big difference with Trump is we are going to get a reduction in regulation and regulatory burden, and with Biden we will get an increase.”