THELOGICALINDIAN - Tesla and Spacex CEO Elon Musk says he has a cool bad activity about the US abridgement President Joe Biden responded with a account of above investments by ample corporations and admired Musk luck on his cruise to the moon
Elon Musk’s Bad Feeling About the U.S. Economy
Tesla CEO Elon Musk said he has a “super bad feeling” about the U.S. abridgement in an email to admiral apparent by Reuters.
The email, blue-blooded “pause all hiring worldwide,” was beatific two canicule afterwards Musk told agents to acknowledgment to the abode or leave. He additionally said he needs to cut about 10% of agents at his electric car company.
Musk has afresh warned that the U.S. abridgement is either already in a recession or is headed appear one. However, the billionaire CEO of Tesla and Spacex believes that a recession is “a acceptable thing,” stating: “It has been aqueous money on fools for too long. Some bankruptcies charge to happen.” He additionally estimated that the recession will aftermost amid 12 and 18 months.
Morgan Stanley analyst Adam Jonas believes that Musk’s apropos should be heeded, elaborating:
Biden Responds to Elon Musk’s Comments
On Friday, President Joe Biden responded to Musk’s “super bad feeling” animadversion about the U.S. economy.
“Well, let me acquaint you, while Elon Musk is talking about that, Ford is accretion their advance overwhelmingly,” Biden said, affairs out a notecard from his anorak pocket.
“Ford is accretion their advance and architecture new electric vehicles, 6,000 new advisers ― abutment employees, I ability add ― in the midwest. The above Chrysler Corporation, Stellantis, they are additionally authoritative agnate investments in electric vehicles. Intel is abacus 20,000 new jobs authoritative computer chips,” the admiral continued.
Biden assured while putting his notecard aback into his anorak pocket:
Following Biden’s response, Musk tweeted, “Thanks, Mr. President!” His cheep included a articulation to an advertisement that NASA best Spacex to acreage the abutting Americans on the moon.
Musk is not the alone one who has predicted that the U.S. abridgement is headed appear a recession. The Big Short broker Michael Burry afresh warned of a looming customer recession. Goldman Sachs’ Lloyd Blankfein brash every aggregation and customer to adapt for a recession. Soros Fund Management CEO Dawn Fitzpatrick said a recession is inevitable. JPMorgan CEO Jamie Dimon sees an bread-and-butter blow coming, cogent investors to brace themselves. One of the best acute predictions came from Rich Dad Poor Dad columnist Robert Kiyosaki who said that markets are abolition and a abasement and civilian agitation are coming.
What do you anticipate about Elon Musk’s comments and Biden’s response? Let us apperceive in the comments area below.
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