Bill’s Commentary:
”As Warren Buffet says, when the tide goes out, we will find out who is swimming naked!”
Sternlicht’s Starwood REIT Running Low On Cash As Redemptions Soar Amid CRE Storm
Starwood Real Estate Income Trust (SREIT), a $10 billion non-traded REIT ranked second-largest behind Blackstone’s struggling BREIT, faces a severe liquidity crunch as investor redemptions soar amid concerns ‘higher for longer’ interest rates will worsen the commercial real estate storm.
Bill’s Commentary:
”Russia, and especially China, own gold and LOTS of it. THIS is why gold and silver are going “higher,” physical markets are now taking control of the price mechanism!”
America’s Competitors Think That The Window Of Opportunity Is Now Open To Divide The World
“The United States still thinks in terms of the Cold War and is guided by the logic of bloc confrontation, putting the security of ‘narrow groups’ above regional security and stability, which creates a security threat for all countries in the region,” read the 7,000 word Joint Statement of the People’s Republic of China and the Russian Federation on Deepening the Comprehensive Strategic Partnership of Coordination for the New Era in the Context of the 75th Anniversary of China-Russia Diplomatic Relations. Quite a mouthful.
“The US must abandon this behavior.”
The statement followed a two-day meeting between Putin and Xi in Beijing. It is a strong signal, the kind of thing that matters greatly, for decades to come.
The latest from USA Watchdog –
BillHolter.com 
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