• 13 hours Italy’s Central Bank Embraces Sustainable Investing
  • 16 hours Trump Lifts Metals Tariffs To Cool Simmering Trade War
  • 19 hours Researchers Push To Limit Space Mining
  • 21 hours Could China Start Dumping U.S. Treasury Bonds?
  • 2 days Is Winter Coming For HBO?
  • 2 days Rise Of EVs Signals Peak Gasoline
  • 3 days Jeff Bezos Doubles Down On Space Colonization Ambitions
  • 3 days Gold Mining Stocks Stuck In Limbo
  • 4 days Executive Order Targets Huawei Over Espionage
  • 4 days Why Now May Be The Best Time Ever To Hold Gold
  • 5 days Fake News Sinks Shares In UK-Based Bank
  • 5 days De Beers To Build $468 Million Diamond Recovery Ship
  • 5 days Moody's: Turkey Faces Possible Credit Downgrade
  • 5 days Tesla's Solar Sales Are Slipping
  • 6 days Auto Industry To Get Temporary Tariff Relief
  • 6 days Welcome To The World’s Biggest Free Trade Area
  • 6 days Central Banks Are Stockpiling Gold At The Fastest Rate In Half A Decade
  • 6 days U.S.-China Impasse Threatens Rare Earth Trade
  • 7 days Wall Street Bears $1 Trillion Brunt Of Trade War
  • 7 days Mobile Sports Betting Isn’t Quite Minting Millionaires Just Yet
Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

  1. Home
  2. Markets
  3. Other

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."

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."

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


Courtesy of Bloomberg <GO>'s Stephanie Ruhle and David Westin

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


Courtesy of Bloomberg <GO>'s Stephanie Ruhle and David Westin

Zell: Airbnb has approached us


Courtesy of Bloomberg <GO>'s Stephanie Ruhle and David Westin

Zell: I don't buy anything without an edge


Courtesy of Bloomberg <GO>'s Stephanie Ruhle and David Westin

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


Courtesy of Bloomberg <GO>'s Stephanie Ruhle and David Westin

Zell on investing in distressed energy assets


Courtesy of Bloomberg <GO>'s Stephanie Ruhle and David Westin

Zell: Hard not to be seller in real estate market


Courtesy of Bloomberg <GO>'s Stephanie Ruhle and David Westin

Full interview transcript available upon request.

 

Back to homepage

Leave a comment

Leave a comment