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Economist Warns That Elon Musk Is About to Cause a "Deep, Deep Recession" (lemmy.blahaj.zone)
submitted 2 years ago by to c/whitepeopletwitter@sh.itjust.works
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Source: https://bsky.app/profile/jrothst.bsky.social/post/3liin7up3ck2z

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[–] 5 points 1 year ago (1 child)

he said so himself

I would love to be able to show some of my MAGA relatives that clip. Do you have a link?

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  • [–] 8 points 1 year ago (1 child)
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  • [–] 4 points 1 year ago (2 children)

    Thank you for the link.

    In the article Elon Musk said that we (and by we he means us) have to reduce spending to live within our means. LOL. This from the guy who sells $100k cars.

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  • [–] 1 point 1 year ago (1 child)

    Probably realized he can't sell a lot of those anymore.

    He could sell a bunch of Tesla stock, crash the entire US economy and then buy a whole lot of whatever he wants because everything will be discounted (including Tesla, he could just rebuy his stock for a fraction of the price)

    Rich people LOVE economic downturns. Best time to make money is when everything is on sale, just need to buy and wait. Stocks, property, everything.

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  • [–] 1 point 1 year ago (1 child)

    Because he can't buy whatever he wants now?

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