{"id":1494383,"date":"2022-05-27T09:29:58","date_gmt":"2022-05-27T13:29:58","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1494383"},"modified":"2022-05-27T09:30:00","modified_gmt":"2022-05-27T13:30:00","slug":"elon-musk-explains-why-possible-recession-a-good-thing-predicts-how-long-it-could-last","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/elon-musk-explains-why-possible-recession-a-good-thing-predicts-how-long-it-could-last\/","title":{"rendered":"Elon Musk Explains Why Possible Recession A \u2018Good Thing,\u2019 Predicts How Long It Could Last"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Felon-musk-explains-why-possible-recession-a-good-thing-predicts-how-long-it-could-last%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1494383&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Tesla CEO Elon Musk on Thursday explained why he thought a possible incoming recession is \u201cactually a good thing,\u201d adding that he predicts it could last up to 18 months.<\/p>\n<p>Musk, the world\u2019s richest man, has been at the forefront of the news in recent weeks as he moves to acquire Left-wing social media platform Twitter.<\/p>\n<p>\u201cDo you still think we\u2019re approaching a recession?\u201d a Twitter user asked Musk.<\/p>\n<p>\u201cYes, but this is actually a good thing,\u201d the SpaceX founder responded. \u201cIt has been raining money on fools for too long. Some bankruptcies need to happen.\u201d<\/p>\n<p>\u201cAlso, all the Covid stay-at-home stuff has tricked people into thinking that you don\u2019t actually need to work hard,\u201d Musk added. \u201cRude awakening inbound!\u201d<\/p>\n<p lang=\"en\" dir=\"ltr\">Yes, but this is actually a good thing. It has been raining money on fools for too long. Some bankruptcies need to happen.<\/p>\n<p>Also, all the Covid stay-at-home stuff has tricked people into thinking that you don\u2019t actually need to work hard. Rude awakening inbound!<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1529983508206190592?ref_src=twsrc%5Etfw\">May 27, 2022<\/a><\/p>\n<p>Another Twitter user asked Musk how long he thinks a possible recession could last, \u201cHow long do you think this recession will last Elon? You called it!! Just curious could this one last year(s)??\u201d\u00a0<\/p>\n<p>\u201cBased on past experience, about 12 to 18 months,\u201d he responded. \u201cCompanies that are inherently negative cash flow (ie value destroyers) need to die, so that they stop consuming resources.\u201d<\/p>\n<p lang=\"en\" dir=\"ltr\">Based on past experience, about 12 to 18 months. Companies that are inherently negative cash flow (ie value destroyers) need to die, so that they stop consuming resources.<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1529986089422688256?ref_src=twsrc%5Etfw\">May 27, 2022<\/a><\/p>\n<p>As Americans suffer through record-high inflation, food shortages, and climbing gas prices, economists have predicted a coming recession.<\/p>\n<p>When President Joe Biden was pressed on the important matter this week, he said a recession is not inevitable.<\/p>\n<p>\u201cGiven the cross-currents of the economy right now \u2014 the war in Ukraine, the China lockdowns that we\u2019ve seen \u2014 should Americans be prepared for a recession? In your view, is a recession in the United States inevitable?\u201d a reporter asked, <a href=\"https:\/\/www.dailywire.com\/news\/biden-sounds-off-on-whether-he-thinks-another-recession-is-inevitable\">The Daily Wire<\/a> reported.<\/p>\n<p>The president answered \u201cno\u201d and seemed to champion high gas prices as an \u201cincredible transition\u201d that will leave America \u201cstronger.\u201d<\/p>\n<p>\u201cHere\u2019s the situation,\u201d Biden said. \u201cAnd when it comes to the gas prices, we\u2019re going through an incredible transition that is taking place that, God willing, when it\u2019s over, we\u2019ll be stronger and the world will be stronger and less reliant on fossil fuels when this is over.\u201d<\/p>\n<p>In another seeming spin, White House economic advisor Cecilia Rouse claimed earlier this month that Americans are seeing record-breaking inflation levels because Biden has done an \u201ceffective\u201d job at managing the COVID-19 pandemic, <a href=\"https:\/\/www.dailywire.com\/news\/wh-economic-adviser-says-americans-are-facing-inflation-because-biden-did-such-a-good-job-handling-the-pandemic\">The Daily Wire<\/a> reported.<\/p>\n<p>\u201cWhat we have seen is that all advanced countries are trying to address inflation and they have, you know, historic levels of inflation,\u201d Rouse said on CNN airwaves. \u201cThat has been the consequence of mounting an effective response to the pandemic. Because while we supported households and businesses, got shots into arms, which allowed people to start to come out of their homes and regain their lives, our supply chains could not support that demand. \u2026 This is a consequence of having an effective strategy against the pandemic.\u201d<\/p>\n<p><strong>Related:\u00a0<a href=\"https:\/\/www.dailywire.com\/news\/aoc-wants-to-sell-her-tesla-after-elon-musk-teased-her-online\">AOC Wants To Sell Her Tesla After Elon Musk Teased Her\u00a0Online<\/p>\n<p><\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla CEO Elon Musk on Thursday explained why he thought a possible incoming recession is \u201cactually a good thing,\u201d adding that he predicts it could last up to 18 months. Musk, the world\u2019s richest man, has been at the forefront of the news in recent weeks as he moves to acquire Left-wing social media platform &#8230;<\/p>\n","protected":false},"author":64,"featured_media":1484980,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1494383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1494383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1494383"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1494383\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1484980"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1494383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1494383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1494383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}