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- The US economy is in for "real chaos," according to "Shark Tank" investor Kevin O'Leary.
- That's because high interest rates are battering commercial real estate, banking, and small businesses.
- O'Leary has said small businesses make up around 60% of jobs in the US economy.
"Shark Tank" star Kevin O'Leary thinks high interest rates are about to spark a fresh bout of chaos in the US economy.
The famed investor pointed to high interest rates as the result of the Federal Reserve's battle to bring down inflation. The fed fund rates at a range of 5.25%-5.50% is the highest the rate has been since 2001, which some observers fear could overtighten financial conditions and push the economy into a recession, economists have warned.