Seymour Zises, President and co-founder of Family Management, writes bi-monthly opinions on issues and observations of relevance to clients and investors.
The election is approaching rapidly and there is already anticipation of rancor over the results. Whoever thought it would be this way in the USA? The economic policies of the 2024 presidential candidates could significantly impact the US economy. Kamala Harris focuses on tax increases for corporations and wealthy individuals, housing initiatives, and expanding child
The U.S. bond market is managing a massive amount of debt issuance, reflecting an era of record-high borrowing in America. This growth in debt, driven by enormous government spending, affects U.S. interest rates costs and for the first time, interest on the national debt exceeds that of defense spending. Federal outlays in 2024 total $6.5
“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
