Seymour Zises, President and co-founder of Family Management, writes bi-monthly opinions on issues and observations of relevance to clients and investors.
It is not enough that we citizens worry about crime, inflation, health care, China, and gas prices; now our government is facing off in a debt default crisis. It should not be a political game when it comes to our nation’s credit status. It is also not reasonable to think that the U.S. can print
If one were to look back at history, the last time interest rates moved up at this pace was the era when money market funds were born. Money fled from the banking institutions and were invested in short-term treasuries and corporate obligations. History has repeated itself with the recent crisis involving Silicon Valley Bank and
Here we go again. The U.S. Government is facing a debt ceiling and it needs Congressional approval to print more money. There are no politics in this situation – both Democrats and Republicans have spent us into a very difficult and potentially dangerous situation. Should our government fail to pay its bills on time, it
If ever there were a simple explanation of why markets have been so volatile and hostile, we only have to observe the path of interest rates over the last 13 years. At zero, or very low interest rates, the true price discovery of assets can be difficult to ascertain. Our belief is that the Federal
Every day another inconceivable event occurs that causes us to believe in magic. However, it generally does not happen here on Earth. How sad! We can alter the path of asteroids in space but are not able to manage the infrastructure and distribution in this country at a level that provides for safe water, reliable
