Speaking of Colony Capital; Tom Barrack on Transitioning
June 4, 2009
Colony Capital’s chairman, Tom Barrack, has some excellent thoughts on the state of the market, economy, and where things are headed. He’s put these on paper. He’s also linked to a great video (which I’ve also embedded below) that really underscores the fundamental shift that’s taking place right now. I’ve indicated before that the US is becoming increasingly inconsequential in the global marketplace and that we need to detach ourselves from using “engineered” financial tools to solve the underlying conventional problems we face.
Tom Barrack is probably licking his chops waiting for the re-emergence an RTC-esque opportunity, and he’s biased towards seeing such given his warchest of money with which he is ready to attack. Nonetheless, he does provide some thought provoking comments, and a video which is poignant.
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Tags: Colony Capital, Commercial Real Estate, Investing, Thomas Barrack
Love this post and this is why I become a fan. Thanks.
thanks for the nice comment.
Also – if any of you “out there” have any comments or suggestions about the site, or what you want to see on here, just drop me a note or you can leave a comment here. It’s been more of a pet project, but as the readership has grown over time, i’m always curious what people are most interested in. Is it my occasional rant, the market info, or ???
Love this post. Thanks for it. Thought provoking it is. The future is definitely going to be very different than the past. Has anyone read “Wealth and Democracy”? I ask because one of the things be points out is that many countries go through very similar stages as they exist. The last stage being “Financialization”, or a major shift from industrialization as the economic engine to financial instruments as the source of economic wealth.
Sorry – didn’t mean to post just yet
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Anyway, after they shift to financials, they collapse. It happened to the Dutch, the Spanish and the English before. And now it’s going to happen to the US.
Bummer.