READ IT: Trump Confirms He Was Shot in First Statement Since Assassination Attempt
FBI Identifies Trump's Would-Be Assassin
CBS News Reporter Said Doing This Is 'Unpatriotic' Following Trump's Assassination Attempt
If True, DHS Secretary Mayorkas Must Answer This Question After Trump's Assassination Atte...
Video Reportedly Shows Dead Shooter on Rooftop Following Assassination Attempt
The Latest: Authorities Hold First Press Conference on Attempted Trump Assassination
Joe Biden’s Hospice Presidency
A Quick Bible Study Vol. 225: Psalm Summer - Part 2
Please, Please, Please, We Must All Tone Things Down
Are We Making Progress?
Climate Surcharges: Coming Soon to an Airport Near You?
The United States Has Become an Irresponsible, Debt-Addicted Nation
Drug Discount Program Big Pharma Hates Is Vital to Older, Rural Americans
Flashback: J6 Chairman Bennie Thomspon Proposed Revoking Donald Trump's Secret Service Pro...
Flashback: Tucker Carlson Said We Were 'Speeding Towards' an Attack on Trump's Life
Tipsheet

Elon Musk: Recession Will Be Good Thing, COVID Tricked People Into Thinking They Don't Need to Work

Tesla CEO and billionaire Elon Musk foresees an economic recession in the near future, saying it will be a “good thing.” 

Musk shared his opinions via Twitter when another user asked him if he thinks there will still be a recession. Musk replied by saying “Recession actually a good thing…it has been raining money on fools for too long. Some bankruptcies need to happen.” 

Advertisement

He also blamed all of the unnecessary Wuhan Coronavirus stay-at-home orders for making people lazy and not wanting to work. 

“All the Covid stay-at-home stuff has tricked people into thinking that you don’t actually need to work hard. Rude awakening inbound!” 

Musk seemed to also reference the multiple rounds of stimulus checks people received that made it simultaneously easy for people to just decide not to go into work. 

Predicting the recession will last about 12 to 18 months, Musk said “companies that are inherently negative cash flow need to die, so that they stop consuming resources.” 

Advertisement

Musk’s comments came after asset manager BlackRock warned that the IRS could raise interest rates to offset inflation. 

According to Fox News, BlackRock said the “Fed’s hawkish pivot has raised the risk that markets see rates staying in restrictive territory…if they hike interest rates too much, they risk triggering a recession. If they tighten not enough, the risk becomes runaway inflation.” 

Sponsored

Join the conversation as a VIP Member

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement