Inflation in U.S. could turn negative by midyear, says billionaire investor Barry Sternlicht. A risk is that the Fed will keep lifting interest rates anyway.

“‘Inflation will go negative in May or June, because the housing equivalent number is pointing positive. The risk is [that Fed chief Jerome Powell] keeps going.’” — Barry Sternlicht, CEO, Starwood Cap...

Billionaire Barry Sternlicht Thinks He Knows When Recession Will Hit

The U.S. is on the verge of a recession that could possibly cost millions of Americans their jobs.  But at least market bears get to say ‘I told you so.’ Barry Sternlicht, chairman of inve...

Global economy will ‘crumble’ if Fed doesn’t stop hiking interest rates, billionaire investor Sternlicht says

““They are going to cause unbelievable calamities if they keep up their action, and not just here, all over the globe,” ” — Barry Sternlicht, CEO, Starwood Capital Group  Billionaire Barry Sternlicht,...

‘The economy is braking hard,’ says billionaire Barry Sternlicht

The U.S. economy is teetering on the brink of a serious downturn if the Federal Reserve doesn’t pump the brakes on its rate hikes, billionaire CEO Barry Sternlicht said. The central bank has alr...

‘The economy is breaking hard,’ says billionaire Barry Sternlicht

The U.S. economy is teetering on the brink of serious downturn if the Federal Reserve doesn’t pump the brakes on its rate hikes, billionaire CEO Barry Sternlicht said. The central bank has alrea...