“‘The Fed is playing a very dangerous game,’ Starwood Capital’s Barry Sternlicht warns,’and they need to stop.’ Sternlicht has quadrupled his firm’s net worth in this time and, to the incredulity of the CNBC anchors, warns, ‘this is bad, this is a heroine addiction.. and now they are printing more money than the deficit.’ The outspoken CEO of the $29 billion fund, noted ‘all my friends who are money managers.. are much closer to the sell button than they ever were before,’ adding that ‘everyone’s holding cash,’ since if they start to get nervous ‘volatility will come back instantly.’ Simply put, he concludes, ‘you know when this ends, it’s gonna get ugly.'”
Related posts:
3 BR Home for Sale in Omaha, Nebraska: 115 Bitcoins
BitPay Partners with 3dcart, Giving 16,000 Online Merchants the Ability to Accept Bitcoin
$9 Billion in Government Checks Result in Some Parents Keeping Their Children Dumb
Economists Suggest The Federal Reserve Pump Money Directly Into Americans' Bank Accounts
How the System Treats a Good Cop
US Admits What Ron Paul Said: "Nobody Knows Who Set Off The Gas"
Toyota Camry Tops Ford F-150 as the Most American Made Car
Colorado Makes History with First Legal Retail Marijuana Sales
Apple to take on PayPal, Square, Isis with its own mobile payments?
How Many Millions Do Washington D.C, Crony Capitalist CEOs Get Paid?
Utah Cops Interrupt Husband's Last Goodbyes to Grab Dead Woman's Pain Pills
FreeSpeechMe: Anti-Censorship and Secure Domain Resolving Plug-in
7 Teenagers Arrested for End-Of-Year Water Balloon Prank
Mozilla caves to pressure, will enable HTML5 DRM in Firefox
Florida Police Target In-Person Bitcoin Exchangers