Billionaire Sam Zell Says Recession Likely in Next 12 Months

  • Fed rate hike should have happened six months ago, he says
  • Investor seeking opportunities to buy distressed energy assets

Sam Zell: Fed Rate Hike is Six-Eight Months Too Late

Billionaire investor Sam Zell said the U.S. economy could go into a recession in the next year and that an expected Federal Reserve interest-rate increase is coming at least six months too late.

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