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Sam Zell Predicts Recession Next Year: “I’m Being Realistic, Not Pessimistic”
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
zerohedge.com / by Tyler Durden on 04/19/2016 15:50
Despite the proclamations from any and every Federal Reserve talking-head, Sam Zell appears to be willing to ‘peddle some fiction’ about the less than awesome reality in America. Having correctly called the top of the last commercial real-estate cycle, Zell is predicting global problems will likely push the U.S. into a recession in the next year…
“I’m not being pessimistic, I’m being realistic,” he said last week at a real-estate conference in New York. The U.S. economy is now “in the ninth inning,” he said.
While the U.S. is humming along fine at the moment, The Wall Street Journal reports that Mr. Zell warned that it isn’t immune to problems in the world economy.
Those problems include low oil prices, falling import demand from emerging economies, volatile financial markets, deflation, possible negative interest rates and currency exchange rate fluctuations, he said.
The Wall Street Journal is careful to play down Zell’s dire warning…
The post Sam Zell Predicts Recession Next Year: “I’m Being Realistic, Not Pessimistic” appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/04/19/sam-zell-predicts-recession-next-year-im-being-realistic-not-pessimistic-2/
