Jeffry Schneider is the CEO and Founder of Ascendant Capital, which is located in Austin, Texas. Over the past few years, Jeffry Schneider has grown his firm to be a billion dollar company. Ascendant Capital, LLC under his leadership has specialized in marketing, sales as well as operational services and raises funds for asset fund sponsors.
In a period of two to five years, Jeffry Schneider’s company employs over 50 people. During the same time, Jeffry Schneider was able to raise over $1 billion for his clients. The institution currently has 50 broker dealers, several family offices, and over 250 investment advisers. Within the company, Jeffry Schneider has managed to create a culture that has helped in the development of the business.
With 24 years experience in investment community, Jeffry Schneider has gained professional skills including alternative investment strategies. Previously, he has worked with a number of notable, leading financial institutions including Merrill Lynch, Alex Brown and Smith Barney where he held executive positions. He believes that alternative investments are the best way to reduce volatility and diversify holdings.
Jeffry Schneider is known for his love for fitness, and he also enjoys traveling and doing as much charity work as he can handle. He is a very successful businessman, but he also believes in giving back to the community. Jeffry Schneider also supports several initiatives including the Gazelle Foundation, Cherokee Home for Children, God’s Love We Deliver Foundation and Wonders and Worries.
Economists don’t like to forecast recessions. When they do, no one thanks them, and if they are wrong their jobs are on the line. George Soros the multi-billionaire investor and humanitarian has been talking about a global recession for some time. Soros believes 2016 will be the year that developed nations will join the emerging markets that are currently in recession mode.
Bloomnerg.com recently interviewed Soros in order to get some details about his prediction, and to find out what, if anything, could be done to avoid it. Soros said there are many contributing factors to this new recession, and it will be as bad, or even worse, than the 2008 housing and mortgage meltdown. Soros described what a recession is in simple terms during the interview. He said recession is a period when there is a negative output gap. The actual GDP performance is well below the potential GDP potential. In other words, excess manufacturing and export capacity continues for a year or longer.
Mr. George Soros said a moderate recession started in 2015, thanks to China’s economic instability.
There was negative world trade growth in the first half of 2015. There are weak commodity prices now, and the global inflation rate is low, plus global stock prices are down and corporate earnings growth was stagnant in most countries. Those facts are signs that a recession on the scale of a 2008 recession is about to blow the lid off of economic growth in second half of 2016, according to Soros.
The problem, as Soros describes it, stems from the emerging markets and, he also said China was the root of the issue. Emerging markets are not performing. China’s performance will be well below the projected 6.5 percent GDP growth rate. Soros believes it will be closer to 3.5 percent, and in Chinese terms that is considered a recession. That means Asian countries will be right behind China, and the rest of the world will follow. The U.S. economy may be growing by more than 3.5 percent now, but Soros predicts that rate is unsustainable because of the Chinese debacle and the emerging market slowdown.
Soros thinks interest rates will have to be cut in the second half of 2016 to stimulate growth. The Feds are considering another rate hike, but Soros says that hike should be put on hold. England and the central bank of Europe will have to do the same thing in order to stop some of the economic bleeding. Visit Open Society Foundations website to know more about George Soros.