A very sleep-deprived Axel Merk joins us for this special edition podcast. Axel and his team have pulled late nights over the past few days following the Brexit vote results in real-time and the ensuing aftermath.
Axel, CEO and founder of the Merk Funds, is originally from Europe and one of the best experts we know on the currency markets, as well as monetary policy. In this podcast, he explains why he sees the Brexit as a sea-change in sentiment that will have far-reaching implications for Britain, Europe, and the rest of the world — though it may take years before they are fully recognized and expressed. He expects the post-Brexit future to more market volatility, more populism as political stability weakens, more (ineffectual) fiscal spending to goose economic growth, and likely more armed conflict around the world.
We are rushing to make this special edition podcast available today given the hunger for informed perspective on this topic. As a result, the written transcript is not available yet — we will post it here as soon as we received it back from our transcription agency.
Click the play button below to listen to Chris' interview with Axel Merk (40m:21s)
by arthur-robey-2