Thank You, Janet Yellen: Houston Rockets Sell for $2.2 Billion

Houston restaurateur Tilman Fertitta is buying the Houston Rockets for $2.2 billion, reports Bloomberg.

Yes, a restaurateur.

The selling Rockets owner Les Alexander bought the team for $85 million in 1993.

Fertitta is the chairman and chief executive officer of Landry’s Inc.

“This is a life-long dream come true,” said Fertitta.

No way this happens without Fed chair Janet Yellen pumping out an awful lot of new money.

-RW