Sam Zell: “Interest Rate Hike Is Probably 6 Or 8 Months Too Late”

0
Sam Zell: “Interest Rate Hike Is Probably 6 Or 8 Months Too Late”

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.”

Electron Rises 5.1% Buy Renewable And Infrastructure Stocks: Q1 Letter

RenewableElectron Capital Partners' flagship Electron Global Fund returned 5.1% in the first quarter of 2021, outperforming its benchmark, the MSCI World Utilities Index by 5.2%. Q1 2021 hedge fund letters, conferences and more According to a copy of the fund's first-quarter letter to investors, the average net exposure during the quarter was 43.0%. At the 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.”

Sam Zell: Fed rate hike is 6-8 months too late

Zell: U.S. at risk of recession in next 12 months

Zell: Airbnb has approached us

Zell: I don’t buy anything without an edge

Zell: I’m not a big buyer of real estate today

Zell on investing in distressed energy assets

Zell: Hard not to be seller in real estate market

No posts to display