Posted on 03/27/2022 12:29:31 PM PDT by RomanSoldier19
Carl Icahn, the billionaire investor and corporate raider, said that the American economy could be in for a “recession or even worse” as policymakers struggle to bring rapid inflation under control.
“I have kept everything hedged for the last few years,” the founder and chairman of Icahn Enterprises told CNBC.
“We have a strong hedge on against the long positions and we try to be activist to get that edge … I am negative, as you can hear. Short-term I don’t even predict.”
Icahn sounded a pessimistic note as to whether Fed Chair Jerome Powell’s plan for further rate hikes will soften the blow of inflation.
“I really don’t know if they can engineer a soft landing,” Icahn said.
“I think there is going to be a rough landing … Inflation is a terrible thing when it gets going.”
Icahn said the possible economic downturn could prompt America’s leading businesses to take stock of
(Excerpt) Read more at nypost.com ...
Reduce your debt load. Try to live debt free.
It’s all crashing down. All of it.
The Fed has run out of ways to keep the economy propped up. The duct tape and bailing wire won’t hold it together much longer.
Brandon and his ilk seem to relish in the suffering of Americans, it’s the craziest thing how much they hate America.
Done.
THE advice for all. For all time.
Ya think, Icahn?
I’s “or worse.”
Gorilla Glue maybe?
/s
“Reduce your debt load. Try to live debt free.”
______________________
Better yet, eliminate your debt load.
Easier said then done I know but start to eliminate it and at some
point it, will be eliminated.
Been working on it.
“It’s all crashing down. All of it.”
Who owns the Federal Reserve? They have robbed us for over a century. We have been farmed like cattle. Your labor has gone to enriching foreign oligarchs. Have a nice day. :)
Thanks, same to you :)
We’ve had super great days, lots. That old free America provided the opportunities. It was an amazing feeling in an amazing country. Lucky for us, and with some thanks to Trump we’re able to enjoy the days of leisure and indulgence we worked for.
No matter the days to come it’s now a mathematical certainty.. great life.
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