“I think there very well could be a recession or even worse,” said the billionaire about the U.S. economy. inflation
Billionaire Carl Icahn Predicts a Recession or Worse — Says 'There's No Accountability in Corporate America'
He explained that based on his experience sitting on the boards of a lot of companies, “when you get to understand what these boards do, the system is needing fixing.” He also noted that at this point, “we have supply chain problems” because “our companies are so badly run.”There’s no accountability in corporate America. You have some very fine companies with some very fine CEOs, but far too many that are not up to the task that I think is going to be necessitated.
The Icahn Enterprises founder was then asked if he believes there will be a soft landing. “I really don’t know if they [the Fed] can engineer a soft landing or not, but … I think we do have a lot of trouble ahead … I think there’s going to be a rough landing,” he replied, elaborating: