Billionaire Sam Zell Says Economy ‘Permanently Scarred’ By Pandemic, Some Business ‘Can’t Reopen’

The economy will be “permanently scarred” by the coronavirus pandemic as badly as it was during the Great Depression, billionaire Sam Zell said in a Tuesday interview.

“Even in the 50s, which was … 25 years after the end of the Depression, there were still parents of friends of mine who talked about the Depression and talked about the impact on their family,” Zell said in the interview with Bloomberg TV. “‘Permanently
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