Elon Musk Predicts a Global Recession: ‘Bankruptcies Need to Happen’

Elon Musk believes the oncoming recession will be a “good thing,” and he forecasts how long it will endure

‘Bankruptcies Need to Happen’: Elon Musk on Potential Economic Recession

Elon Musk is speaking out about the possibility of an economic crisis — and he isn’t holding back.

Musk said that he believes a recession is on the way, but called it a “good thing” for the workers.

“For far too long, it has been raining money on fools.”

Elon Musk believes the oncoming recession will be a “good thing,” and he forecasts how long it will endure.

Tesla CEO Elon Musk, who has achieved popularity as a result of his acquisition of Twitter and has previously forecast an economic recession, has said that the forthcoming recession is “actually a good thing,” a required “rude awakening” after the COVID-19 pandemic’s lackadaisical attitude.

-“Do you still think we’re approaching a recession?” a Twitter user questioned Musk.