2 years ago
Tesla and Spacex CEO Elon Musk says helium has a “super atrocious feeling” astir the U.S. economy. President Joe Biden responded with a database of large investments by ample corporations and wished Musk luck connected his travel to the moon.
Elon Musk’s Bad Feeling About the U.S. Economy
Tesla CEO Elon Musk said helium has a “super atrocious feeling” astir the U.S. system successful an email to executives seen by Reuters.
The email, titled “pause each hiring worldwide,” was sent 2 days aft Musk told unit to instrumentality to the workplace oregon leave. He besides said helium needs to chopped astir 10% of unit astatine his electrical car company.
Musk has precocious warned that the U.S. system is either already successful a recession oregon is headed towards one. However, the billionaire CEO of Tesla and Spacex believes that a recession is “a bully thing,” stating: “It has been raining wealth connected fools for excessively long. Some bankruptcies request to happen.” He besides estimated that the recession volition past betwixt 12 and 18 months.
Morgan Stanley expert Adam Jonas believes that Musk’s concerns should beryllium heeded, elaborating:
Elon Musk has a uniquely informed penetration into the planetary economy. We judge that a connection from him would transportation precocious credibility.
Biden Responds to Elon Musk’s Comments
On Friday, President Joe Biden responded to Musk’s “super atrocious feeling” remark astir the U.S. economy.
“Well, fto maine archer you, portion Elon Musk is talking astir that, Ford is expanding their concern overwhelmingly,” Biden said, pulling retired a notecard from his overgarment pocket.
“Ford is expanding their concern and gathering caller electrical vehicles, 6,000 caller employees ― national employees, I mightiness adhd ― successful the midwest. The erstwhile Chrysler Corporation, Stellantis, they are besides making akin investments successful electrical vehicles. Intel is adding 20,000 caller jobs making machine chips,” the president continued.
Biden concluded portion putting his notecard backmost into his overgarment pocket:
So, you know, tons of luck connected his travel to the moon.
Following Biden’s response, Musk tweeted, “Thanks, Mr. President!” His tweet included a nexus to an announcement that NASA picked Spacex to onshore the adjacent Americans connected the moon.
Musk is not the lone 1 who has predicted that the U.S. system is headed towards a recession. The Big Short capitalist Michael Burry precocious warned of a looming user recession. Goldman Sachs’ Lloyd Blankfein advised each institution and user to hole for a recession. Soros Fund Management CEO Dawn Fitzpatrick said a recession is inevitable. JPMorgan CEO Jamie Dimon sees an economical hurricane coming, telling investors to brace themselves. One of the astir dire predictions came from Rich Dad Poor Dad writer Robert Kiyosaki who said that markets are crashing and a slump and civilian unrest are coming.
What bash you deliberation astir Elon Musk’s comments and Biden’s response? Let america cognize successful the comments conception below.
English (US) 