Carl Icahn, a billionaire investor, is now predicting that a recession “or even worse” might be coming to the US.
— NY Post Business (@nypostbiz) March 23, 2022
Carl Icahn, the billionaire investor and corporate raider, said that the American economy could be in for a â€œrecession or even worseâ€ as policymakers struggle to bring rapid inflation under control.
â€œI have kept everything hedged for the last few years,â€ the founder and chairman of Icahn Enterprises told CNBC.
â€œWe have a strong hedge on against the long positions and we try to be activist to get that edge â€¦ I am negative, as you can hear. Short-term I donâ€™t even predict.â€
Icahn sounded a pessimistic note as to whether Fed Chair Jerome Powellâ€™s plan for further rate hikes will soften the blow of inflation.
â€œI really donâ€™t know if they can engineer a soft landing,â€ Icahn said.
â€œI think there is going to be a rough landing â€¦ Inflation is a terrible thing when it gets going.â€
The Palmieri Report is a Pro-America News Outlet founded by Jacob Palmieri. The Palmieri Report is dedicated to giving people the truth so that they can form their own informed political opinions.Â
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