Seymour Zises, President and co-founder of Family Management, writes bi-monthly opinions on issues and observations of relevance to clients and investors.
“I’m mad as hell and I’m not going to take this anymore” is what many Brits voted to begin the “Brexit” scenario. Many of you might remember this famous scene from the movie “Network”. The UK exit from the EU is no small matter, and how it unfolds will affect Europe for many years
Shivers went through the stock market last week as the Federal Reserve meeting notes revealed a hawkish view leaving many observers to believe that an interest rate increase could come in June. We are concerned, and even perplexed, about the rationale for a potential Fed action at this time. In December, when the last interest
The country is fed up, and we are not talking about the Federal Reserve Bank. Senator Sanders and Mr. Trump are the conduits for voter anger, and clearly it is the politicians who have brought it on themselves. To think that just until a short while ago, Congress could trade legally on insider information makes
As if there were not enough concerns to start the year, the falling Yuan precipitated by China’s weakening economy hit the markets hard right out of the gate in 2016. Oh, and then Mr. Kim Jon-un decides to light a bomb – maybe an H-bomb, but maybe “only” the A-bomb……now really is that any better??!!
The Chinese currency, the RMB or Yuan, will be entering the exclusive club of world reserve currencies. These are the currencies commonly used in international transactions and often considered a hard currency or safe-haven currency. The RMB now joins the Dollar, Euro, Pound Sterling, Yen and Swiss Franc. Welcome Yuan!
