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Investor Barry Sternlicht worries about a recession signal and an economy not as strong as it appears

October 11, 2018

Via: CNBC

Barry Sternlicht, CEO of global investment group Starwood Capital, told CNBC there are a number of negative factors that are contributing to his unease about the state of U.S. economy.

“The economy’s not quite as strong as the number indicated,” he told CNBC’s Jim Cramer on “Mad Money” on Wednesday evening after the market rout that took the Dow Jones Industrial Average nearly 832 points, or 3.15 percent, lower. “I think the Fed is going to have to be careful.”

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