From Newsmax:

Real estate legend Sam Zell says the economy and the residential real estate market have seen their worst.

The government’s massive fiscal and monetary stimulus is having a beneficial effect, he tells Bloomberg TV.

"There is no question it will have a positive impact on the economy," Zell says.

"More importantly, it has had a positive impact on confidence levels. And confidence levels are extraordinarily important in terms of extracting ourselves from this recession."

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