Elon Musk Says This Is The 'Closest We Have Been To' World War 3 Since 1962 As He Warns Of A Global Recession Lasting Until Spring 2024

Zinger Key Points
  • Fed's inflation focus and hawkish stance have the potential to push the economy deeper into recession, economists have warned.
  • Elon Musk concurs with the view but says Tesla and SpaceX are fairly insulated.

Dogecoin DOGE/USD co-founder Bill Markus observed on Twitter on Friday that incidences of COVID-19 have come down and were are actually “pretty low.” The impending global recession and the nuclear apocalypse are the latest worries, Markus suggested.

In reply, Tesla Inc. TSLA CEO Elon Musk tweeted that he hoped it would be a hassle-free year.

See Also: Elon Musk Warns Russia Can Utterly Destroy US, Europe With Nuclear Missiles In Under 30 Minutes And Vice Versa: 'We Are At The Highest Risk In 60 Years'

The billionaire said he sees the probability of World War III happening as “still very unlikely,” but suggested that the current scenario is the closest the world has come to it since the Cuba missile crisis in 1962.

On the extent to which a potential recession can hurt, Musk said it was dependent on companies. Tesla and SpaceX are in good positions but many other companies are not, he said. “Recession do have a silver lining in that companies that shouldn’t exist stop existing,” he added.

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Posted In: NewsSocial MediaEconomicsMediaGeneralBilly MarkusElon MuskRecessionRussiaSpaceXUkraine
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