Seymour Zises, President and co-founder of Family Management, writes bi-monthly opinions on issues and observations of relevance to clients and investors.
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
If ever there were a simple explanation of why markets have been so volatile and hostile, we only have to observe the path of interest rates over the last 13 years. At zero, or very low interest rates, the true price discovery of assets can be difficult to ascertain. Our belief is that the Federal
Every day another inconceivable event occurs that causes us to believe in magic. However, it generally does not happen here on Earth. How sad! We can alter the path of asteroids in space but are not able to manage the infrastructure and distribution in this country at a level that provides for safe water, reliable
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
