Seymour Zises, President and co-founder of Family Management, writes bi-monthly opinions on issues and observations of relevance to clients and investors.
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
Despite the predictions, we disagree with the pundits’ who say that rate cuts will begin next year. The economy is still “too hot” for the Federal Reserve to consider rate cuts. Of course, there are always signs of slowdowns in various areas of the economy, but housing prices, food, and other important day-to-day costs are
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
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
