"Asset bubbles are necessary when you don't have growth in the economy," says Colony Financial...

|About: Colony NorthStar, Inc. (CLNS)|By:, SA News Editor

"Asset bubbles are necessary when you don't have growth in the economy," says Colony Financial (CLNY) Chairman Tom Barrack, whose subsidiary Colony Capital is doing its best to help by buying as many single-family homes it can get its hands on. Next up, he says: A land boom, as builders will need lots to boost inventory. Maybe of interest would be TRC, LMNR, JOE, AXR.