When Barry speaks, J Powell should listen. He’s not a talking head. He’s a global owner and expert in an industry that’s imploding. His description of the lag in rents being used by the Fed as current data is damning.
Minute 15 when will the Fed lower the rates? Why would they Barry? To put more animal spirits back in the market. That tells us his debt level is so high and he has to go out and refinance all that at higher rates than he previously had and that will hurt his business. That’s why he’s so mad at Fed.
I had to stop the interview around 21:00 - 23:00 bc of how dumb his comments were. (1) Very uninformed, narrow, self-interested view on interest rates.....I guess we should just never use standard monetary policy tools (raising rates) ever again and just let inflation rip? maybe better if rates permanently at 0 forever? We should hold rates low to protect his investments (CRE) at the expensive of inflation for the country? He can't make one good comment about Fed regarding massive success of inflation coming down w/o recession. (2) People are applying for jobs and continue to work hard. The unemployment rate is still near historic lows (3.7% as of Jan24) and the economy is on an absolute tear (3.3% real GDP growth 2023) bc of continued strong employment. His view on the macro situation is completely based on companies downsizing their office footprint, rather than the actual economic reality. I am stupider after listening to that commentary.
Barry isn't in trouble. He's the smartest guy in the room. He's raising cash to pick up properties at 25 cents on the dollar. His REIT is cashed up and not exposed to CRE.
@@ArthurDentZaphodBeeb if he is raising a distressed fund, he should be hoping for higher rates to stay longer so prices would crash. Barry is talking like someone who is a bit desperate for lower rate
This guy is delusional when it’s comes to home office. I live in Munich, nobody and I mean absolutely nobody is back on the office full time. Twice a week at most and everyone is loving it and it’ll never go back. If billionaires are losing real estate money, couldn’t care less.
It’s a very real, massively underused asset class here suddenly and the stakeholders are struggling to parse it out, no fault of their own other than betting in the historically opposite direction.
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She really needs to let him just speak, we are here for him.
pretty weird to start an interview by talking about herself, which nobody care
Don’t interrupt Barry
love to hear Barry's talk.. very intelligent.
Barry, always a great interview!
When Barry speaks, J Powell should listen. He’s not a talking head. He’s a global owner and expert in an industry that’s imploding. His description of the lag in rents being used by the Fed as current data is damning.
Here because Cem recommended
What’s cem?
@@JimGavin-md5rg Cem Karsan Kai volatility 🥐
Interviewer needs work
A lot of work smh.
Had to quit it.
Love Barry, so smart … why does she keep trying to cutting him off?
She's trying to prove how intelligent she is. Just shut up.
Could listen to Barry for hours. Gotta be big money opportunities with CRE. I can see why Barry's raising cash for a new fund.
Never thought about it with regards to power in Europe, so interesting to hear this .
This dude went from being laid off in 1990 at age 31 to closing a $13.1B deal to buy Sheraton hotels in 1997
Incredible man. very strong and very reassuring coming from him.
Great interview. I like the focus on data centers.
Great interview!
Very irritating interviewer. Great talk otherwise
Minute 15 when will the Fed lower the rates? Why would they Barry? To put more animal spirits back in the market. That tells us his debt level is so high and he has to go out and refinance all that at higher rates than he previously had and that will hurt his business. That’s why he’s so mad at Fed.
Always begging for a bailout
She’s Harvard. Nuff said
Why does she keep interrupting? It shows that interviewing is a skill and she needs to improve
She is seriously awkward. Wow
Embarrassing interviewer!
Those heavy hangers tho....
Awesome
This guy's asking for a hand out again?
I had to stop the interview around 21:00 - 23:00 bc of how dumb his comments were. (1) Very uninformed, narrow, self-interested view on interest rates.....I guess we should just never use standard monetary policy tools (raising rates) ever again and just let inflation rip? maybe better if rates permanently at 0 forever? We should hold rates low to protect his investments (CRE) at the expensive of inflation for the country? He can't make one good comment about Fed regarding massive success of inflation coming down w/o recession. (2) People are applying for jobs and continue to work hard. The unemployment rate is still near historic lows (3.7% as of Jan24) and the economy is on an absolute tear (3.3% real GDP growth 2023) bc of continued strong employment. His view on the macro situation is completely based on companies downsizing their office footprint, rather than the actual economic reality. I am stupider after listening to that commentary.
Can’t corporate office space be converted to residential housing if there’s a lack of affordable housing?
Holy cow this interviewer was the absolute wrong choice. I’ve watched tons of his interviews and this was really hard to endure through
Legendary status
Not watchable.
lots of milk here 🍼🍼🍼
"...a nice little recession will clear this." - Barry Sternlicht in response to workers wanting to wfh
J Powell needs to watch this interview everyday for the next…….ten days.
Host is unbearable
Are there any real estate guys who like high interest rate? Wonder how much longer before his companies crumble under high interest rate
Barry isn't in trouble. He's the smartest guy in the room. He's raising cash to pick up properties at 25 cents on the dollar. His REIT is cashed up and not exposed to CRE.
@@ArthurDentZaphodBeeb if he is raising a distressed fund, he should be hoping for higher rates to stay longer so prices would crash. Barry is talking like someone who is a bit desperate for lower rate
This guy is delusional when it’s comes to home office.
I live in Munich, nobody and I mean absolutely nobody is back on the office full time. Twice a week at most and everyone is loving it and it’ll never go back. If billionaires are losing real estate money, couldn’t care less.
It’s a very real, massively underused asset class here suddenly and the stakeholders are struggling to parse it out, no fault of their own other than betting in the historically opposite direction.
just a rant, and he's rude to the lady
she looks like she made her own clothes. cute
bizarre interviewer...I guess that's what you get from harvard these days, non-serious people
Nobody cares what those buildings look like woman
Barry is dumb.