If you want an optimistic take on the U.S. and world economies, don’t look to Sam Zell.

Speaking at an investment conference today, the billionaire Chicago investor suggested a recession may be on the horizon, decried the demographics of aging Europe and made it clear he thinks there’s not much upside left in commercial real estate. Yet Zell is high on Latin America, where he’s had more hits than misses investing in real estate… READ MORE