Elon Musk, the billionaire CEO of Tesla Motors and Twitter, thinks the next recession will be comparable to the global financial crisis of 2008–09.
While speaking during a Twitter Spaces discussion on Dec. 22, Musk acknowledged that the U.S. economy is currently in a recession and 2023 will result in a “serious” economic downturn.
“It’s going to be, in my opinion, comparable to 2009,” he said.” I don’t know if it’s gonna be a little worse or a little better, but I think, in my view, is going to be comparable.”
But he thinks it is shocking that the nation has not had a significant recession in 13 years, suggesting that the United States is “overdue” for one….