‘Net worth of median household is basically nothing,’ says Carl Icahn. ‘We have some major problems in our economy.’

MarketWatch/Mark DeCambre/3-14-2023

“The co-founder of Icahn Enterprises says that his investment portfolio is set up for more pain in the U.S. economy, which he notes is being buffeted by rapidly rising interest rates and escalating concerns about its overall health, as the Federal Reserve attempts to prevent inflationary pressures from becoming entrenched.”

USAGOLD note: According to Bank Rate, 56% of Americans could not cover an unexpected $1000 bill.