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But we saved everything 🙂.
Axel Merk challenges the widespread narrative around the 2008 financial crisis, highlighting that while politicians often blame lax regulations, this is not the full picture.
Merk points to the role of coerced subprime lending by government-sponsored enterprises Fannie Mae and Freddie Mac, echoing the views of Phil Gramm and Jeb Hensarling. He suggests that these lending practices were a significant factor in the events leading up to the financial crisis.
Merk has previously commented on the value of alternative assets, noting that gold historically adds value as a portfolio diversifier. He has also reported on monetary policy developments, including that ECB President Lagarde expressed regret about the length of forward guidance, with Warsh in agreement at the ECB policy forum. These remarks reflect Merk’s ongoing focus on macroeconomic risk and policy decisions.