Outspoken realist billionaire Sam Zell tells Fox’s Maria Bartiromo, “the US economy is bifurcated,” noting that “the very top has done very well as The Fed’s QE ‘saved the system’,” but, he adds, the 90% that did not benefit from that “have seen wages go down and the recent election showed a lot of discomfort and a lack of trust.” A hopeful money-honey asks whether the president will work with the Republicans to improve this situation, Zell lashes back, “isn’t the question whether the president wants to work with anybody to create anything?”
At 4:45, Zell discusses the market, “the stock market does not reflect what’s going on in the economy.” “Holding cash is a better holding than investing in an over-valued stock market”
Via Fox News,
via Zero Hedge http://ift.tt/1vfVxFo Tyler Durden