Barry Sternlicht Takes on the Economy, and Meme Stock Mania Returns 9/29/23

Barry Sternlicht, the hospitality and real estate investor, discusses the risks to the economy from union strikes and the Federal Reserve’s interest rate policy. Washington inches closer to a shutdown as House members have failed to come up with a consensus government funding deal – setting up a busy weekend in the Capitol. GameStop activist Ryan Cohen is becoming the retailer’s CEO, nearly three years after the “Meme Stock Mania” showcased individual investors betting on the mall retailer against hedge funds shorting the stock.  Author Ben Mezrich remembers fondly the GameStop craze and the story in the new movie “Dumb Money,” The Antisocial Network. Sternlicht - 14:03Mezrich  - 31:02 In this episode:Ben Mezrich, @benmezrichAndrew Ross Sorkin, @andrewrsorkinJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickZach Vallese, @zachvallese Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.