Barry Sternlicht: Jerome Powell’s arcane analysis is to blame

Billionaire Barry Sternlicht provides insight into the current economy, calling high interest rates an archaic tool and saying he feels this crisis will be the worst. He shares his thoughts on how AI will change the workforce and reflecting on his time during the Great Recession and the Covid pandemic. #Economy #AI #Billionaire
Become a member to watch full episodes and get exclusive access to content: bit.ly/3q4TjAb
Subscribe to watch the latest interviews: bit.ly/1R1Fd6w
Episode debuted nationwide in 2024.
For episode guide and nationwide television listings, visit www.grahambensinger.com
Connect with Graham:
Facebook: / grahambensinger
Twitter: / grahambensinger
Instagram: / grahambensinger
TikTok: / grahambensinger

[@johnbanwell6391]

Barry wasn't crying when interest rates were zero. Whine, whine, whine.

[@chrismccormick4365]

It isn’t congress spending like a drunken sailor, it’s Biden

[@kcdavis3812]

He intentionally defaulted on a loan. He's blaming everyone but himself.

[@dev4statingx90]

Who did?

[@sdfergf]

I don’t think his logic is right. See the Fed’s latest Monetary Policy report: “Because prices for housing services measure the rents paid by all tenants (and the equivalent rent implicitly paid by all homeowners)-including those whose leases have not yet come up for renewal-they tend to adjust slowly to changes in rental market conditions.” In other words, you can’t just take the latest rent prices and say that is reflective of rent inflation. There is a lag because leases renew over time.

[@DickNasty480]

Sternlicht is just upset becuase many of his properties like office buildings are valued at about 50% of what he owes on these buildings. He just gave back a property in Atlanta back to the lender and he and his investors owe $200 million on this building that is valued at maybe $100 million.

[@chrisginoc]

He's speaking facts.

[@gunnarb-a]

Drunken sailors mostly spent their own money, politicians on the other hand, tend to use the money of our society. Far too often with little effect.

[@eh7599]

poor little baby boy

[@nkwhph]

everyone is an optimist after things are fixed!

[@Matt-yz3iq]

the people that work in those industries are impacted by interest rates on a daily basis.

[@oleotoleo3414]

At the top are
stupid sailors working
or
it is on purpose working that way.

[@shankarbalakrishnan2360]

Jeremy any crystal balling on the markets for a change for life❤❤🎉🎉

[@lockejr]

So did he ever answer the question on how and who this next meltdown will affect? Maybe the next clip?

[@BH-BH]

Bullfight critics row on row…

[@eh7599]

Trump Junior!

[@chesstictacs3107]

Bald Joe Biden

[@danad91]

Joe Biden is bald. He got hair plugs!!

[@jasonwilson9406]

He had me until he praised the jab

[@prolific1518]

Lots of "rich" people are going to go broke. Depression 2.0 incoming

[@dev4statingx90]

Lmao ok

[@ed-gn6kl]

This guy is the biggest freaking cry baby.

[@eh7599]

Whiner!