Why billionaire Sam Zell is raising cash to record levels in this dicey market climate
Earlier this year, Sam Zell, the billionaire chairman of Chicago-based Equity Group Investments, said President Donald Trump’s continued push for interest-rate cuts could lead to “disaster” for the U.S. economy. ‘We certainly never had a cash position like we have now. I think we’re very reticent about the opportunity. We think there’s gonna be some significant opportunities, but what we don’t see is the urgency.
Shawn Langlois Shawn Langlois is an editor and writer for MarketWatch in Los Angeles. Follow him on Twitter @slangwise.
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