• 268 days Could Crypto Overtake Traditional Investment?
  • 273 days Americans Still Quitting Jobs At Record Pace
  • 275 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 278 days Is The Dollar Too Strong?
  • 278 days Big Tech Disappoints Investors on Earnings Calls
  • 279 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 281 days China Is Quietly Trying To Distance Itself From Russia
  • 281 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 285 days Crypto Investors Won Big In 2021
  • 285 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 286 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 288 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 289 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 292 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 293 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 293 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 295 days Are NFTs About To Take Over Gaming?
  • 296 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 299 days What’s Causing Inflation In The United States?
  • 300 days Intel Joins Russian Exodus as Chip Shortage Digs In
  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