
Sam Zell, chairman at Equity Group Investments, spoke with Stephanie Ruhle and David Westin on Bloomberg TV’s “Bloomberg <GO>.” He discussed the expected Federal Reserve rate hike, the risk of a near-term recession, and investor flexibility provided by low-interest.

Zell said: “I think that this 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.”
Hedge fund managers go about finding investment ideas in a variety of different ways. Some target stocks with low multiples, while others look for growth names, and still others combine growth and value when looking for ideas. Some active fund managers use themes to look for ideas, and Owen Fitzpatrick of Aristotle Atlantic Partners is Read More
He added: “I think that there’s a high probability that we’re looking at a recession in the next 12 months.”
Zell confirmed Airbnb approached Equity Residential about using their apartments: “[Airbnb] for sure has approached EQR and they’ve had some conversations. I don’t think that the overall scale of Airbnb is going to change the multifamily business. It might create, particularly in certain situations, scenarios where maybe a rental project is much better suited to be used as a semi-hotel in an Airbnb situation.”
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Zell: Airbnb has approached us
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