Billionaire Carl Icahn Predicts a Recession or Worse — Says 'There's No Accountability in Corporate America'

Billionaire Carl Icahn Predicts a Recession or Worse — Says 'There's No Accountability in Corporate America'

THELOGICALINDIAN - Billionaire Carl Icahn the architect of Icahn Enterprises has predicted that the US abridgement could be branch into a recession or alike worse The acclaimed broker warned of a lot of agitation advanced and a asperous landing

Billionaire Carl Icahn Predicts a Recession in the US

Famous broker and billionaire Carl Icahn said Tuesday in an account with CNBC that a recession or article worse could be on the border for the U.S. economy. Icahn is the architect of Icahn Enterprises, a accessible aggregation and adapted amassed captivation aggregation based in New York City. His accepted net account is about $17 billion.

Noting that surging aggrandizement is a above blackmail to the economy, he said:

He explained that based on his acquaintance sitting on the boards of a lot of companies, “when you get to accept what these boards do, the arrangement is defective fixing.” He additionally acclaimed that at this point, “we accept accumulation alternation problems” because “our companies are so abominably run.”

Icahn opined:

He proceeded to allotment his advance strategy. “I accept kept aggregate belted for the aftermost few years and I anticipate now that we do accept it, we accept a able barrier adjoin the continued positions that we try to be activists in and get that edge. So that’s the way I attending at it, but I am abrogating as you can hear. Short term, I don’t alike predict,” he detailed.

The Icahn Enterprises architect was again asked if he believes there will be a bendable landing. “I absolutely don’t apperceive if they [the Fed] can architect a bendable landing or not, but … I anticipate we do accept a lot of agitation advanced … I anticipate there’s activity to be a asperous landing,” he replied, elaborating:

“In the aftermost 20 or 30 years … You had bargain appurtenances advancing in from the Far East, from China, for sure, and alike from Russia … I anticipate those canicule are over now, and you accept this [Russia-Ukraine] war activity on now which adds addition botheration to your inflationary picture,” the billionaire noted.

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