592
Economist Warns That Elon Musk Is About to Cause a "Deep, Deep Recession" (lemmy.blahaj.zone)
submitted 5 months ago by florencia to c/whitepeopletwitter@sh.itjust.works
76 comments fedilink hide all child comments

Source: https://bsky.app/profile/jrothst.bsky.social/post/3liin7up3ck2z

you are viewing a single comment's thread
view the rest of the comments
[-] TacoButtPlug@sh.itjust.works 26 points 5 months ago

This is the point. They want to crash the economy.

[-] Goodmorningsunshine@lemmy.world 17 points 5 months ago

I mean, he said so himself even before the election. We just have the fucking stupidest, god awful people in this country that apparently wanted it.

[-] murphy@startrek.website 5 points 5 months ago

he said so himself

I would love to be able to show some of my MAGA relatives that clip. Do you have a link?

[-] Goodmorningsunshine@lemmy.world 8 points 5 months ago
[-] Professorozone@lemmy.world 4 points 5 months ago

Thank you for the link.

In the article Elon Musk said that we (and by we he means us) have to reduce spending to live within our means. LOL. This from the guy who sells $100k cars.

[-] the_crotch@sh.itjust.works 2 points 5 months ago

This from the guy who sells $100k cars.

And could afford to buy one of those cars every hour for over 400 years without running out of money

[-] boonhet@lemm.ee 1 points 5 months ago

Probably realized he can't sell a lot of those anymore.

He could sell a bunch of Tesla stock, crash the entire US economy and then buy a whole lot of whatever he wants because everything will be discounted (including Tesla, he could just rebuy his stock for a fraction of the price)

Rich people LOVE economic downturns. Best time to make money is when everything is on sale, just need to buy and wait. Stocks, property, everything.

[-] Professorozone@lemmy.world 1 points 5 months ago

Because he can't buy whatever he wants now?

[-] boonhet@lemm.ee 1 points 5 months ago

He can, but if stocks fall 90%, he can buy 10x as much. If he shorts things on the way down, he can multiply his money first too.

If this is played right, he could be worth tens or hundreds of trillions a decade or 2 from now.

[-] Professorozone@lemmy.world 1 points 5 months ago

I believe that's what he's going for.

[-] SplashJackson@lemmy.ca 1 points 5 months ago

Hurray for democracy! Everyone gets a vote just for showing up!

this post was submitted on 21 Feb 2025
592 points (100.0% liked)

People Twitter

7827 readers
2095 users here now

People tweeting stuff. We allow tweets from anyone.

RULES:

  1. Mark NSFW content.
  2. No doxxing people.
  3. Must be a pic of the tweet or similar. No direct links to the tweet.
  4. No bullying or international politcs
  5. Be excellent to each other.
  6. Provide an archived link to the tweet (or similar) being shown if it's a major figure or a politician.

founded 2 years ago
MODERATORS
SendMeYourTaTas@sh.itjust.works
pelespirit@sh.itjust.works