general

Elon Musk stated: The recession may last until the spring of 2024

Elon Musk stated: The recession may last until the spring of 2024

The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles

Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles

Answer Elon Musk stated: The recession may last until the spring of 2024

Tesla CEO Elon Musk shared his thoughts on the global recession in a Twitter thread on Friday.

The topic was started by Billy Marcus, founder of Dogecoin, who tweeted:

The coronavirus numbers are actually very low.

I think all we have to worry about now is the impending global recession and nuclear apocalypse.

Musk commented:

It would definitely be nice to spend one year without a horrific global event.

Another Twitter user shared, asking Musk:

How long do you think the recession will last?

Read:Crypto company “KuCoin” raises funds from the company investing in TikTok to discuss global expansion and infrastructure upgrade

The CEO of Tesla replied:

Just a guess, but maybe until spring 2024.

Follow the same Twitter user with the question:

How much do you think it will get worse?

Musk replied:

It is very different.

Tesla & Spacex are in good positions, but many others are not.

Recessions have a positive side in those companies that should not exist.

During Tesla’s third-quarter earnings call on Wednesday, Musk told:

China is in a kind of recession and Europe is in a kind of energy-driven recession.

…While North America is healthy, even though the Fed raised rates more than they should, I think eventually they will realize that and lower them again.

In August, Musk told him that inflation had peaked but that there would be a recession for 18 months.

Many people expect the US economy to plunge into recession.

Read:Bitfinex wins the lawsuit filed against it by the New York Attorney General

A recent survey showed that 98% of CEOs are preparing for a US recession while 99% are preparing for a recession in the European Union.

David Solomon, CEO of Goldman Sachs, said this week:

There is a good chance of a recession in the USA.

JP Morgan Chase CEO Jamie Dimon recently warned that a recession could hit the US economy within six months.

The famous investor Jim Rogers believes that the recession will be the worst of his life.

Gold expert and economist Peter Schiff also warned that the Fed’s actions could lead to a market crash, a huge financial crisis, and a severe recession.

Read also:

APT digital currency is flying high and approaching the value of $ 10

Do you think the bitcoin price is unstable? Take a look at sterling


And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time

Previous post
The market capitalization of the BUSD stablecoin increased by 22% in two months
Next post
APT digital currency is flying high and approaching the value of $ 10