Billionaire investor warns ‘worst is yet to come’ for US economy ...News

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Billionaire investor warns ‘worst is yet to come’ for US economy
source : Russia Today ( News ) () 33
Inflation cannot be cured, Carl Icahn says Loose monetary policy has spawned record-high inflation in the US economy, a circumstance that is not going to change soon, US financier Carl Icahn told MarketWatch this week. The 86-year-old, who heads up the conglomerate Icahn Enterprises, has long been one of the most prominent names on Wall Street. “You should not be printing money if you have inflation… We printed up too much money, and just thought the party would never end. And the party’s over,” he said at MarketWatch’s Best New Ideas in Money Festival. US inflation in August came in at 8.3% year-on-year, soaring

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