The economy is in for a big hit this quarter alleges the tech Giant and CEO of Tesla Elon Musk. U.S economy is headed for recession says Elon Musk

U.S economy is headed for recession says Elon Musk

-The recession is caused by the government printing more money than it has.
-This will lead to inflation and a tough economy in the next 12 to 18 months.
-Goldman Sachs believes that the recession is a “necessary slowdown” in order to balance wage growth and reduce inflation.
-However, they also believe that the inflation will go away in the future and that the current crisis with Russia is not a big enough deal to cause an imbalance in the economy.

 

 

The economy is in for a big hit this quarter alleges the tech Giant and CEO of Tesla Elon Musk. U.S economy is headed for recession says Elon Musk
U.S economy is headed for recession says Elon Musk 3

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