Sam Zell says Trump's desire to slash interest rates could end in 'a disaster'

Investor Sam Zell agrees with President Donald Trump that slashing interest rates would make the economy take off rapidly. The consequences of that, though, could be"a disaster," he said.

That expected tumble in the dollar would threaten the greenback's status as the world's reserve currency. "There is an attempt to take the dollar out of the reserve currency status," Zell said."I think that would be a disaster to the U.S. I think that would be the biggest risk of playing with interest rates."

If growth stays consistent, Zell said he thinks Trump will be re-elected in 2020, but will lose if conditions deteriorate. He praised the president for taking on China in trade, which he said should have been done years ago when the nation abused its entry into the World Trade Organization.

We are headed to a devaluation. Once we are at 24 trillion... game over.

There is no other currency. Period. China and Russia have no banking system.

He can't slash rates so why is this even an article? Click-bait.

It’s known in some financial circles realDonaldTrump the BillionDollarLoser wants to cut interest rates because he owes so much money.

You misspelled will.

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Despite what Trump says, tariffs aren’t boosting the American economy“His assertion generally that the Chinese are paying these tariffs is just simply nonsense. It’s a complete misunderstanding of how tariffs work,' said one senior economist. His 'assertion' is a lie. Full stop. GOP seems to be good with it and his base is too stupid to figure it out as well. Henry…Yes James? I believe Donald named his prized Cocker Spaniel 'Tariff'- yes quite a conundrum 🧐🍸🐶
Source: NBCNews - 🏆 10. / 86 Read more »