Icahn not optimistic about U.S. economy

Billionaire Carl Icahn warns 'you can't cure' white-hot inflation — but when an audience member asked him for stock picks, he gave these 2 'cheap and viable' names


Billionaire Carl Icahn, owner of CVR Energy, a firm with a refinery in southern Oklahoma is high on the energy company.

Speaking recently at MarketWatch’s Best New Ideas in Money Festival, he was so enthused about the firm in which he acquired 80% interest 10 years ago, he admitted it was his pick for investments in the energy industry.

The man who also engineered the takeover of Oklahoma City-based SandRidge Energy, shared his thoughts about how inflation has hit the U.S. according to a report by Money Wise.


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