Beth Lilly ’85, small-cap mutual fund manager for Gabelli Woodland Funds, was featured in a story in the “Money and Business” section of the Dec. 16 Star Tribune newspaper, published in Minneapolis-St. Paul, Minn.
The article “Market direction? Buckle your seat belts,” discussed consumer confidence, the effect of a weak U.S. dollar, where the Federal Reserve will take interest rates next year and the general direction of the economy. Lilly talked about the impact of subprime mortgages, which is reaching into the Florida state government, she said; and how many consumers are overextended on their credit.
“I think the shutdown in the credit markets, she said, “and the consumer being squeezed in ability to sell the house and the whole shutdown that’s occurring is starting to show itself in the Targets. I think that the consumer overspent with second mortgages and things like that and I just think that this credit issue is pervasive and we haven’t seen the worst of it and I think it’s going to extend itself to the consumer.
An economics major at HWS, Lilly helped found the crew team, captained the soccer and tennis teams, played on the sailing and squash teams, and chaired the United Way campus campaign in 1984. She is the recipient of the Winn-Seeley Award for the senior athlete who had contributed to many areas of the total athletic program.