Seymour Zises, President and co-founder of Family Management, writes bi-monthly opinions on issues and observations of relevance to clients and investors.
If the Nation’s leading retailer thinks inflation is a big problem, you can bet it is a BIG problem. In our view, the price of oil is a major factor in inflation and inflation will not come down to acceptable levels unless oil prices retreat significantly. Some people believe a slowing economy in of itself will
There is no question that globalization has driven lower costs for consumers over the last two decades as production moved to the most competitive parts of the world. Is that going to change? We think so, and the result will be higher costs to the American consumer. Wherever we look, here are supply and demand
It is such a pity and a shame that Russia is devastating Ukraine. We all watch hopefully as Ukraine is courageously fighting back. The sanctions imposed by Western governments and the abandonment of businesses inside Russia have had steep consequences. The most significant market result thus far is a sharp increase in the price of
The investment world rises and falls on the emotions of greed and fear. In January, the prospect of higher interest rates, tension between “The West” and Russia over Ukraine, and inflation brought fear into the hearts of investors. Fortunately, money is made thinking and not feeling. Our thoughts are focused on how to take advantage
As Thanksgiving came and went, the stock market paused to reflect on higher interest rates and the arrival of the Omicron variant…and sneezed. The Federal Reserve has maintained asset purchases of $120 billion per month until their recent taper program. These purchases and the enormous federal deficit continue to pump up the volume of dollars