Starwood Capital CEO Barry Sternlicht, who has a net worth of $4.6 billion, says inflation is going to drop—and it’s going to drop hard.
In an interview with CNBC’s Squawk Box, Sternlicht was asked what he’d say in response to JPMorgan Chase CEO Jamie Dimon’s annual letter to shareholders, in which Dimon writes that current economic conditions “create more risk and potentially higher inflation,” and higher rate hikes. However, after saying he’s a big fan of Dimon and that he runs “probably one of the best banks in the world,” Sternlicht clarified to CNBC that “we don’t agree on everything.”
Sternlicht, who runs a private equity firm known for its billions in real estate holdings, told CNBC that he thinks “inflation is going to drop hard.”
Source : Inflation Set to Fall Drastically, as Per Barry Sternlicht’s Assessment Based on Rent Trends