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Economist Warns That Elon Musk Is About to Cause a "Deep, Deep Recession" (lemmy.blahaj.zone)

submitted 2 days ago by florencia@lemmy.blahaj.zone to c/whitepeopletwitter@sh.itjust.works

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Source: https://bsky.app/profile/jrothst.bsky.social/post/3liin7up3ck2z

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[–] shoulderoforion@fedia.io 13 points 2 days ago (2 children)

Global reciprocal Tariffs, aren't going to lead to recession, they're going to lead to the worst Global economic depression since the 1930's. With Trump taking over control of the USPS (announced just today), and martial law soon on the horizon (maybe even a Russian invasion of California, you know, for a treat), this next couple months is gonna be one for the record books

[–] A_Union_of_Kobolds@lemmy.world 3 points 2 days ago

Don't forget everyone's shit getting hacked and the possibility of Twitter becoming WeChat

[–] sugar_in_your_tea@sh.itjust.works -1 points 1 day ago

I highly doubt that. I think we're in for a recession, but I doubt it'll be anywhere near as bad as 2008, much less 1930s. We could be in for some stagflation like the 1970s though, which would suck.