Elon Musk predicts a looming global financial crisis later this year or in early 2023

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Earlier this week, Musk predicted that there will be a financial crisis in the coming year. Elon Musk made this comment under a tweet regarding global unicorn companies.

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He didn’t mention any specifics about Great Recessions or anything like that, but he implies that we may not see one of these major economic downturns again.

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Musk mentioned It's hard to know how many companies will be able to survive the next recession, but there are still survivors from the 2008 financial crisis.

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We can't really make any predictions about this. But it's worth noting that the Twitter sentiment seems to be positive over the last three days.

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Doug Ramsey, CIO for Leuthold Group, believes that “when the S&P 500 closed at a 52-week high, 334 companies using the New York Stock Exchange set new one-year lows.”

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People have been predicting that this is going to be a year-long winter, but there have been only four occurrences of this happening in history. All four happened in December 1999.

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Another Twitter user claims that the inflation level in the United States is very high. One of the most telling signs is that prices of goods in stores he frequents has been going up recently.

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Unless the fed raises interest rates and withdraws money fully, there will almost certainly be another recession.

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