Starwood Capital CEO Barry Sternlicht: Fed rate hikes aren't impacting this job market
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Published 2024-06-05
All Comments (21)
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He (Starwood Capital) should pay closer attention to their “possible cash crunch” and spend less time making the TV rounds.
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This is the same guy who did an interview in which he said that he WANTED a recession to happen so that workers would be forced to return to the office full time and employers could get the upper hand overall. Screw this guy.
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We learned all this in the 80s. Higher Interest Rates, Taxes and increases in Regulation are inflationary as they all depress investments in additional supply. competitive growth and improved efficiency.
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Still haven’t met a real estate guy who doesn’t want lower interest rate
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Raising interest rates by the Fed had put a brake on inflation because it deprived businesses of short-term loans. This led to fewer investments by the businesses. If interest rates were low, it would have fueled growth even further, resulting in high demand, followed by high/sticky inflation. This is one angle from which to view the situation.
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We need glass steagall back. ASAP.
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A lot of ghost jobs out there
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My vote is that Powell break the economy and deal with inflation
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Good insights Sternlicht!
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Becky Quick is a good interviewer. She concisely asks the relevant question and then lets the guest speak.
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High credit card payments, people over extended, high expenses. People not making enough to keep up with inflation. The chicken will come to roost.
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Then why does the job market continue to weaken? These people are lost in the sauce.
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So to this guy inflation was transitory? I guess the fact that he literally just changed the rules to withdraw capital out of his shadow bank to 0.33% of total amount owned a month has anything to do with his being so against keeping rates high does it?
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I’ve never seen a CEO so publicly and desperately grabbing at straws. He selfishly sold $20 million of his own stock; which only signals that he knows his company is in trouble. I’m not sure how he doesn’t see that this seriously hurts his credibility.
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How about those redemptions Barry? I wouldn't invest a penny with this shyster
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So imagine if all these rate hikes were not necessary? All this could have possibly corrected itself without the heavy handedness of the FED, because they didn't understand the new economy. LOL!
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He is in trouble for his over leverage! You can see he is desperate, his company is imploding!
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Covid reinfections are a big problem. Will need more nurses lol 😆 Buy puts for H5N1
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Invest in nuclear energy
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ECB killed the last bit of manufacturing and technology in Europe by blindly following FED. Rates in Europe should be -5% and not +5%.
