The global bond market is in the grip of its worst freefall since the 2008 financial crisis as central banks struggle to bring rampant inflation under control. Government and corporate debt has fal…
Carl Icahn, the billionaire investor and corporate raider,“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.Icahn said the possible economic downturn could prompt America’s leading businesses to take stock of their management structures.
“There’s no accountability in corporate America,” he said. “You have some very fine companies, some very fine CEOs, but far too many that are not up to the task.”
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