CNBC Television
Barry Sternlicht, Starwood Capital Group chairman and CEO, joins CNBC’s ‘Squawk Box’ to weigh in on the U.S. economy, inflation, and the Federal Reserve’s efforts to tame high prices.
Barry Sternlicht, Starwood Capital Group chairman and CEO, joins CNBC’s ‘Squawk Box’ to weigh in on the U.S. economy, inflation, and the Federal Reserve’s efforts to tame high prices.
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Somebody help me here- how is it bad if civilian rents and real estate deflate? They seem like they were jacked up by wealth inequality factors and demography preferences for people 65+ wanting to downsize…. Into the homes that millennials were eyeing for themselves I might add. I fail to see how that was a normal reflection of the real economy for the rest of Americans. The music stopped. So why should the prices continue to rise (outside of wage growth)… Am I missing something here? I don't know what he's on about here is all.
Spoken like a true 1%er!! What a dirt bag!
Amazing video and thank you for breaking it down!! Despite the economic downturn, I'm so happy 😊I have been earning $ 60,000 returns from my $9,000 investment every 21days.
I feel sorry for younger people. You’re not old enough to remember the 70s and you don’t know what’s coming at you. For those of us who have paid off our debts and own land and are ready for a severe downturn, we will watch from the side lines.
Dear Democratic party thank you for all your money giveaways "stimulus programs" . You are writing checks we can't pay. Your policies are going to bankrupt our nation. For Christmas this year I will have to send my kids and grandchildren checks not gifts so they can buy food and pay rent. Merry Christmas all.
Screw this guy – because of people like him and their greed we have rents skyrocket
Rents are off the charts because the supply has been artificially constrained by the local governments' permitting process. Thats the main cause of runaway housing costs; the greed of the current homeowners to protect the value of their homes by limiting supply. There can be no better justice for this than a steep drop in the housing values that these people have tried to protect so nastily.
It is completely deliberate The FIAT Ponzi is fked so the only way is a depression and War
What the f is he talking about ?? Load of crap The cheap money junkies like him are the real problem.
Did you have to show us Ghey Shep at the end? Twirling fartknocker
The CNBC shills desperately trying to stop him from speaking the real facts.
This guy is a complete 🤡…..heaven forbid house prices come down so regular folks are able to get out of being screwed by rental owners.
Here in Canada, rent is already going down month to month. I agree with him. The interest rate is always relative. Going from zero to 3.25% is not the same as going from 2% to 5:25%.
Inflation will come down. The fed is looking at months old data just like they did last year. Making the same mistakes resulting in completely different outcomes.
To sum up, the economists don't not know what they are doing. They are burning down when the mice are already starving in the basement.
WE NEED TO DO A NATIONAL PROTEST AGAINST THESE RIDICULOUS RENT PRICES.
AT LEAST JPOW GETS TO KEEP HIS JOB! LETS GO BRANDON!
Please keep raising rates, and put this miserable man out of business
Max was here
With inflation running at a four-decade high, a Recession is now the ‘most likely outcome for the economy. How can I grow my portfolio to outpace inflation and maintain a successful long-term strategy? I have been reading of investors making about $250k profit in this current crashing market, and I need ideas on how to achieve similar profits.
Stupid analysis
This guy is a crook
The whole purpose of this deep state shill coming on here with truth bombs… is to set the stage for the Fed to raise their inflation target up to 3-4%.
And the Fed is going to keep beating you until you beg for exactly that.
Amazing explanation
This is what happens when you elect Democrats! Full Democrat control of government at all levels….eat your cake Leftists!
"FED looking at old data". This is a joke, even if this sentence was true. Moreover, would love my rent contract to shrink as quick as this guy yells in here.
When he said we saw 20% increase he was so happy. Of course he does not pay these money. This guy cares only for his pocket.
This guy makes money on inflation of rents, what a B.S.er. I don't know if he is old enough to remember the 70's but I was there and in my 20's. Anyone who wants inflation has either a vested interest or is just merely crazy. Paul Volcker is a true hero to me yet I remember the hell he put us through to fix the inflation problem. I managed a company during the two back to back recessions and it was very difficult – worse than the Great Recession of 2007-2009.
The guy crying hard. He must be leveraged 😂
140,000 apartment?!? Modern slave owner. All that labor flows to him just like slavery
Circa 81Million Americans voted for this. Some people should be careful about what they wish for! My concern is that the U.S. will take down the rest of the Western economies with it.
If you stay invested and ignore the market's ups and downs, you'll make a lot of money in the long run; however, a severe market correction causes a lot of margin calls and sell-offs, driving the market even lower. People get greedy in this bull market and it's extremely irresistible.
MY FINANCIAL GOAL IS TO BE MAKING AT LEAST UP TO $1,000,000 EVERY YEAR BY INVESTING HEAVILY BOTH IN CRYPTO AND STOCK. I NEED GUIDIANCE. please comment below…
Inflation is the ONLY number that counts. This idiot needs to go to the grocery store.
Debt, growth, taxes, et al mean nothing when inflation is where it’s at.
Rates need to go above 10%
It is no longer a story that the world is experiencing a global economic downturn, I’m so happy that I’ve been receiving $45,000 from my $10,000 investment every 10 days.
I am glad Joe pressed this fool.
Talking his book. I don't know if he actually believes the nonsense he's spewing or if he's trying to con everyone into his story.
This dude is an example what is wrong with this fed has produced. When housing becomes a financial instrument for large investors, the consumer will suffer greatly
barry sternlicht think hes slick
Sternlicht is a straight-shooter
His fillers look really good on him.
Cool that he mentioned the wage thing but there are not a lot of companies giving people big enough raises to cover the cost of 2, 3 or 4 percent inflation let alone anything close to trickle down economics or adjusting wages according to our now 8-9% inflation. Cool story but that is not realistic based off most peoples experiences.
No. Markets are bullish 📈📈✅✅
Imagine interest rates above inflation. Thats 9 percent as of now. Thats, 2.4 trillion in interest expense. Can you get it if that's the interest rate
This guy is non sense
This man looks unnatural
Guys like this fellow borrowed money at near 0% short term, less than 3% long term, extreme leverage, private equity stupid money. They jacked up price of houses, rent. Average person can not afford rent, Let alone buy. Rest of prices like cars, food, utilities,gasoline, education, healthcare are way too hi. Need hi interest rates so we get deflation an can afford to live. This dude wants us to be indentured servants and pay rent, while he borrows at dirt cheap rates.
This guy is a terrible guy, gouging Americans who are renting! HE IS ONLY LOOKING OUT FOR HIS OWN SELF-INTEREST. HOW CAN YOU HAVE HIM ON THE SHOW??
Because Biden and warmongers have a new real game = war …..**** bip bip bip
When you hear guys like this get nervous it’s about time they’re starting to get screwed.
We never fixed the problem from 2008 real estate lords of land pandemic.
https://m.youtube.com/watch?v=TFD0UtfI960&noapp=1
That’s what they wanted for you to rent and never start a family. Don’t worry prices need to correct more than you might comprehend. Look at it this way if someone needs to sell and I only have $5 in my pocket and no loan I might get it for $5. Maybe not $5 but it’s a market of buyers and sellers which agree on a price. Once you outlaw privatization of real estate( yes once way back in the day society thought it was a bad idea for landlords to steal your money if your sleep(profits)). Then only real families set the market:)
CPI… they don’t even include oil in it as they think well you need it.