Sam Zell Sees Inflation Rising, Columbia as Good Growth Potential

Benzinga reports Sam Zell, Chairman of Equity Group Investments, and parent company of Equity Lifestyle Properties (NYSE:ELS), the largest Land Lease Community (LLC) owner in the nation, says the Obama administration has deliberately hampered growth in the business community by sending mixed signals.  Noting we are contributing to inflation in the world by printing “money at a staggering rate,” he said, “The troubles in the Middle East are as much a function of the rise in the cost of food as they are a fight for democracy.”  He says the International Monetary Fund (IMF) is helping smaller countries around the world.  He suggested that Columbia, by enlarging their stock market by adding other countries, has created the opportunity for capital to be channeled into the country, making their economy a good growth opportunity.

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