Seymour Zises, President and co-founder of Family Management, writes bi-monthly opinions on issues and observations of relevance to clients and investors.
“We haven’t seen this kind of debt since the Napoleonic Wars”, said World Economic Forum President, Borge Brende. Brende’s view was that governments, not just the United States, need to consider how to reduce debt and take the right fiscal measures without pushing economies into recession. We stated in previous letters that taxes will have
Many are predicting the Federal Reserve will lower interest rates in July. There are some signs of inflation abating, but there are still concerns that it is not happening fast enough. It is difficult to comprehend the Fed reducing interest rates while stocks are surging and housing is strong. Oil prices have reached a new high for the
They say that there is no future in aging? Just ask Mr. Biden & Mr. Trump who are in their older years and are vying for the most powerful position on earth. As January 2024 comes to and, one thing is clear: whoever becomes the next POTUS will have more than their share of challenges
Last year we witnessed the collapse of high multiple stocks as the Fed pushed interest rates higher to fight inflation. This year the bounce back has been remarkable. Even so, the three-year average return of the Standard and Poor’s index has only been 7.7% and the NASDAQ composite at just 5.3%. The difference in performance
Ask most economists about the U.S. economy and there will be no clear answers. On one end we have fiscal stimulus pushing deficits unsustainably and on the other end a hawkish Federal Reserve tightening interest rates, it would appear the government is working against itself. As the U.S. deficit grows, so does it’s interest expense. As reported
