Elon Musk has said: I think 2023 is going to be quite a serious recession. It's going to be, in my opinion, comparable to 2009.
"It does seem like we're headed into a recession here in 2023," Musk said during an episode of the "All-In Podcast" released on December 24.
"My best guess is that we have stormy times for a year to a year and a half, and then dawn breaks roughly in Q2 2024," he added.
"I really advise people to not have margin debt in a volatile stock market," he continued. "If there's mass panic in the stock market, then you've got to really be careful about margin debt."
Hope for the best, prepare for the worst," he said. "Don't get too adventurous. From a cash standpoint, keep powder dry."
Elon Musk previously said that the Fed must cut rates ‘immediately’ to stop a severe recession.
Elon Musk has said: I think 2023 is going to be quite a serious recession, and it's going to be comparable to 2009
1/15/2023
White House says Trump to sign order pushing cities and states to remove homeless people from streets
7/24/2025 8:19 PMTrump is going to the Federal Reserve today
7/24/2025 8:14 PMDOJ made Donald Trump aware of decision not to continue investigations related to Jeffrey Epstein
7/24/2025 8:07 PMHouse panel directs chairman to subpoena Bill and Hillary Clinton in Epstein probe
7/24/2025 8:00 PM
Stay Updated
Subscribe to our newsletter for the latest financial insights and news.
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.