Elon Musk mentioned a recession is “inevitable sooner or later,” when requested to reply to President Joe Biden’s competition that it was not inevitable.
The billionaire mentioned though not a certainty, it’s “extra doubtless than not” {that a} downturn is coming within the close to time period, with out providing a particular timeline.
Supply: https://www.forbes.com/websites/siladityaray/2022/06/21/elon-musk-says-us-recession-is-inevitable-more-likely-in-the-near-term/?sh=6c1df5694d8a
The U.S. economic system is far stronger than individuals suppose, and there’s “no proof” of an impending slowdown or recession but, in line with movie star investor Kevin O’Leary.
“There’s no knowledge, there’s no proof, there are not any numbers, there’s no inclination on the patron to decelerate but,” he mentioned.
Supply: https://www.cnbc.com/2022/06/16/kevin-oleary-says-theres-no-evidence-of-a-recession-right-now.html
Elon Musk says a recession within the close to time period is extra doubtless than not. Alternatively, investor Kevin O’Leary says there is no proof of a recession proper now.
Do you suppose the US is headed for a recession?
