Elon Musk Said the Fed is 'Amplifying the Probability of a Severe Recession' Urging Them to Cut Interest Rates Immediately

11/30/2022

Per Elon Musk

In response to a tweet expecting 2023 to bring a "real economic recession," Elon Musk voiced his concerns, saying the Feds are "massively amplifying the probability of a severe recession" while urging them to cut interest rates immediately.

Musk's comments came in response to Vincent Yu, the co-founder of the site Tesmanian, after he said that he expects 2023 to bring a recession and that people should prepare for a "macro storm."

Musk also replied to another input by Sven Henrich, the founder of the NorthmanTrader, that highlighted how positive GDP growth is projected by the Feds for the next year "despite all the obvious signals," saying this is the same thing that happened in 2008.

Sven also pointed out the Feds would again be late to realize the damage that has been done, and Musk replied, "Exactly."

References:

Elon Musk

Sven Henrich

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