Seymour Zises, President and co-founder of Family Management, writes bi-monthly opinions on issues and observations of relevance to clients and investors.

Ex Nihilo
July/August 2010

“Ex Nihilo” means “out of nothing” in Latin… It is just what the Federal Reserve will have to do — create money out of nothing. They do this through quantitative easing, a phrase you may have heard but may not understand. In practical terms, the central bank purchases financial assets (mostly short term), including government paper and corporate bonds, from financial institutions (such as banks) using money it has created “ex nihilo.”

Read more »

A Pain in the Ash
May/June 2010

The Iceland volcano severely impaired the travel of millions of people just as the oil spewing into the Gulf of Mexico severely impaired the travel of millions of fish. From top to bottom, things are looking mighty glum these days.
Speaking of top to bottom, as Attorney General Blumenthal’s campaign for U.S. Senate in Connecticut was just taking off, his statements about serving in Vietnam brought his poll numbers down significantly – we frankly can’t see why; after all, isn’t this part of what we have become accustomed to from our politicians??!!

Read more »

Good Buy America
March/April 2010

The U.S. stock market continues to advance as we move sluggishly toward an economic recovery. The fourth quarter GDP advanced slightly less than estimated, and the index finished 5% higher as of the writing of this letter. It seems like relative to most of the rest of the planet, America is handling its problems in a more orderly fashion; that is quite remarkable. (Notwithstanding, everyone here seems to be complaining!) Europe has its PIIGS (Portugal, Ireland, Italy, Greece and Spain) as the Euro has fallen from its peak in the summer of 2007.

Read more »

Die Now, Pay Later?
January/February 2010

What a bonanza!!! If you die this year, you can pass the blessings of your bounty on to your heirs tax free, maybe… If Congress decides to reinstate the estate tax retroactively, maybe you shouldn’t get yourself sick about the economy—oh well, just another day in D.C.! The Great De-leveraging continues—Americans are saving more and consuming less—the addiction to credit is waning steadily. What troubles us is that every legislator is focusing on the consumer and his spending.

Read more »

A Turkey
November/December 2009

If one believes The Bureau of Labor and Statistics, the unemployment rate climbed above 10% for the first time since 1982. Do you believe this number to be truthful? Do you trust our government to give us honest and correct information? Whether it be protecting our shores, our environment, our financial soundness, our soldiers (internally or abroad), our consumers at P.C Richards or J.P. Morgan, the question is this: Is our government still competent? As I speak with clients and friends, there is a growing frustration in the American psyche that our government is no longer able to perform its “job functions”.

Read more »

1 12 13 14 15 16 17

Join Our Newsletter