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Axel Merk shares insights from the ECB Forum, highlighting that ECB President Christine Lagarde expressed regret for having maintained forward guidance for too long.
Merk also references Warsh, who remarked that he found common cause with Lagarde after her statement.
Merk has previously commented on tax policy, observing in one instance that California’s wealth tax would impact entrepreneurs with illiquid assets more than those with generational wealth. He has also discussed market reactions, noting that gold price movements often track real yields and described the Iran conflict as a short-term shock to the market. His commentary continues to focus on monetary policy and market responses.