Elon Musk's FINAL WARNING: "This Crash Will Be Worse Than 2008!"

Elon Musk's FINAL WARNING: "This Crash Will Be Worse Than 2008!"

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With the invasion of Ukraine and Chinese lockdowns putting additional strain on a supply system that has yet to recover from the ongoing pandemic, many forecast a global recession. Elon Musk says bring it on.

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Elon Musk proclaimed that the US economy was "probably" in a recession, contradicting economists and accessible evidence, and warned businesses to keep an eye on costs and cash flows.

"These things will pass, and then there will be boom times again," Musk said at the All-In Summit in Miami Beach, according to a Twitter user who live-streamed his remarks. "It'll definitely be difficult for, I don't know, a year, maybe 12-18 months."

Fears of a recession have grown recently as the Federal Reserve tightens monetary policy to try lower inflation, which is nearing its highest level since the early 1980s. Nonetheless, according to the most recent Bloomberg monthly survey of experts, the chances of a slump in the following year are at 30%.

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