Billionaire investor Carl Icahn said that the U.S. economy is at a breaking point, blaming “worse than mediocre” leadership and warning that soaring inflation threatens to topple America’s position on the world stage.
Icahn made the remarks during an interview on CNBC’s “Closing Bell” program on Tuesday.
“The system is breaking down, and we absolutely have a major problem in our economy today,” Icahn told the outlet, while labeling the United States as “one of the worst countries in the world as far as corporate governance.”
The renowned investor then warned about the dangers of persistently high inflation in the United States, which at last count came in at 6 percent in February, in annualized terms….