Sam Zell Warns Recession Coming, Provides Opinions on 22 Topics Including Fed Tools, Equities, Real Estate, Energy, China, Brazil, Mexico, Climate Change

Jon Banking, Blogosphere, Ecology, Economy, Fiscal Policies, Real Estate

Wednesday morning, Sam Zell, billionaire chairman at Equity Group Investments, spoke with Stephanie Ruhle and David Westin on Bloomberg’s “GO” TV.
Zell discussed a wide variety of topics from the Federal Reserve rate hike, the risk of a near-term recession, real estate, energy, and various foreign investment ideas. The interview was before the Fed announcement.
I put a spotlight on some interesting Zell ideas. Everything below is a selected quote except for two comments by me in braces.
Twenty-Two Ideas
Economy: High probability that we’re looking at a recession in the next 12 months. Rate Hike: Interest rate hike is probably 6 or 8 months too late. I think that the economy is closer to falling over than it is to going up. US Dollar: Devalued currencies make it very difficult for the US to compete internationally.

This post was published at Global Economic Analysis on Thursday, December 17, 2015.