Billionaire Barry Sternlicht sees a ‘vicious cycle’ of pain if U.S. businesses can’t reopen
Billionaire global investor Barry Sternlicht told CNBC on Tuesday that the U.S. could end up in a downward spiral of economic pain if the businesses cannot get back to operating due to the coronavirus.
“If we don’t get people back to work and the enterprises back to getting revenues and profits, there is going to be extreme distress in the economy. Small businesses, hotels will go bankrupt.…
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