27 Feb 2008

Where Are the Economy’s Problems Coming From?

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Real Estate Investor Sam Zell identifies the source.

The US economy will avoid recession as the housing market begins to recover this spring, according to billionaire investor Sam Zell.

Speaking on “Squawk Box” this morning, Zell attributed much of the current economic troubles to fear-mongering and politicking by Democratic presidential contenders Hillary Rodham Clinton and Barack Obama.

“Obviously what we have going on is an attempt to create a self-fulfilling prophecy,” said Zell, chairman of Equity Investments Group and owner of the Chicago Cubs, Chicago Tribune, Los Angeles Times and other companies. “We have two Democratic candidates who are vying with each other to describe the economic situation worse.

Zell should have added the stock market’s turmoil wouldn’t be occurring if there was a real Republican candidate who appeared to be likely to win. Current market pessimism is principally based on fears of the economic impact of the democrat demagogues promised higher taxes and attacks on corporations.

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Stock Market » Where Are the Economy’s Problems Coming From?

[…] I Will Teach You To Be Rich wrote an interesting post today on Where Are the Economyâs Problems Coming From?Here’s a quick excerpt…the stock market’s turmoil wouldn’t be occurring if there was a real Republican candidate who appeared to be likely to win. Current market… […]



Taxes » Where Are the Economy’s Problems Coming From?

[…] Bourse en ligne et conseils boursiers, cotations, analyses financières, cré… wrote an interesting post today on Where Are the Economyâs Problems Coming From?Here’s a quick excerpt…pessimism is principally based on fears of the economic impact of the democrat demagogues promised higher taxes and attacks on corporations. […]



Barack Obama » Where Are the Economy’s Problems Coming From?

[…] FP Passport | blogging on global news, politics, economics, and ideas wrote an interesting post today on Where Are the Economyâs Problems Coming From?Here’s a quick excerpt…the current economic troubles to fear-mongering and politicking by Democratic presidential contenders Hillary Rodham Clinton and Barack Obama. […]



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