Topic: Barry Sternlicht

1 chapters across the catalog

Celente warns of a "category five hurricane" in the commercial real estate sector. He cites billionaire Barry Sternlicht's default on a $200 million office loan as evidence of a looming bust. Celente predicts this will lead to a banking crisis worse than 2008, resulting in further consolidation as "bigs get bigger" and take over failing medium-sized banks.