Elon Musk Is Predicting A MASSIVE RECESSION FOR 2022
Other Billionaires Saying The Same Or Worse
This short video covers the opinions of a number of different market movers
Elon Musk | Predicting a MASSIVE RECESSION FOR 2022
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Jan 4, 2022
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Elon Musk Is Predicting A MASSIVE RECESSION FOR 2022
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FULL VIDEO TRANSCRIPT
00:00
billionaire elon musk he has made some
00:02
bold predictions in the past most of
00:04
which have centered around his electric
00:05
car company tesla this time he’s making
00:08
a different prediction a much more
00:10
serious one regarding the entire us
00:12
economy in today’s video we break down
00:14
some shocking tweets that seem to
00:16
indicate that elon has some extremely
00:18
bearish thoughts regarding the us
00:20
markets considering he’s a billionaire
00:22
whose net worth is tied to a stock that
00:24
is extremely sensitive to a recession
00:26
his latest opinions are stunning we
00:28
start with the tweets themselves it
00:30
begins with new york times reporter
00:32
christopher m tweeting out this claiming
00:34
that there are over 936 startups valued
00:37
at above 1 billion dollars elon musk
00:40
responds by saying if history is any
00:42
guide not many will make it past the
00:44
next recession as a side note here musk
00:47
is well versed in surviving recessions
00:49
tesla according to his very own words
00:50
was about a month away from bankruptcy
00:52
during the 2007 economic collapse but
00:55
it’s the next tweet that draws the most
00:57
interesting response a user name zack
01:00
asks the following when do you believe
01:01
the next recession will be and for a
01:03
billionaire who’s got a lot on the line
01:05
he says something relatively detailed
01:07
and shocking he responds with this
01:09
predicting macroeconomics is challenging
01:11
to say the least my gut feel is maybe
01:14
around spring or summer 2022 but no
01:17
later than 2023 let’s break that down
01:19
but before that since we’re on the
01:21
subject of twitter make sure you give me
01:23
a follow by clicking the link in the
01:24
description below so elon is essentially
01:27
saying that predicting the future of the
01:29
economy in the long term is challenging
01:31
but according to his gut he thinks
01:33
economic problems are quickly
01:34
approaching we know that the federal
01:36
reserve plans to raise the rate three
01:38
times this year in 2022 and there are
01:40
talks of demand being crushed by these
01:42
actions yet tesla’s most recent
01:44
quarterly result seems to indicate great
01:47
news they posted some serious stats that
01:49
blew out analysts expectations so the
01:51
big question is why would elon say
01:53
something like this this can’t possibly
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be just a gut feeling and is likely an
01:57
opinion strung together by other various
01:59
pieces of data billionaires around the
02:01
world have been relatively bearish
02:03
recently in their public appearances
02:05
some including elon have put their money
02:07
where their mouth is by cashing out of
02:09
their stocks selling billions of dollars
02:10
of equity they have kept for years and
02:13
years but it’s not all bad for example
02:16
the world’s greatest stock trader nancy
02:18
pelosi thinks otherwise examining her
02:20
most recent disclosure reveals that she
02:23
has loaded up on in the money option
02:24
calls for various companies including
02:26
disney google and salesforce a position
02:29
that seems to indicate a positive year
02:31
for at least the tech sector these calls
02:33
are in my opinion an extremely
02:35
aggressive move for anybody let alone a
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prominent congresswoman who shouldn’t be
02:39
trading derivatives in the first place
02:41
with her connections and insider
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knowledge one has to ask themselves how
02:44
could it be that the world’s most famous
02:46
billionaire is predicting a recession
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while one of the most prominent
02:49
politicians in this country is
02:51
anticipating an economic boom one spoke
02:54
with his words the other spoke with her
02:56
actions the story of this doesn’t end
02:58
there plenty more billionaires have come
03:00
out and expressed serious concern about
03:01
the future of our economy raydalio
03:04
recently went on lex freeman’s podcast
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where he talked about the collapse of
03:07
empires sharing some concerning stats
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regarding the united states in the past
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couple of years rey has been relatively
03:14
consistent in implying that the us has
03:16
been on a massive decline headed towards
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an economic and social disaster on the
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other side stands china which according
03:23
to him challenges the us on every level
03:26
this belief is common among billionaires
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including warren buffett’s right-hand
03:29
man charlie munger you can listen to him
03:32
speak about this in this 2020 interview
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where he openly talks about his
03:36
admiration for what he calls the chinese
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economic miracle
03:40
the other thing that’s really remarkable
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the last 30 years of china
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they have had real economic growth
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at a rate for 30 years
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that no big country has ever had before
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in the history of the world
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and who did that a bunch of communist
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chinese
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now that is really remarkable
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so so if you’re studying finance you got
04:05
a lot of strange things to account for
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so bob regenthoff who has a phd in 1979
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from marinara clubhearing asked so how
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would you rate investing in china with
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the current political tensions or you
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invested in china through the ownership
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of american companies that do business
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in china
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well i’m
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of course i’m invested partly in
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american companies that do business in
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china including coca-cola
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and of course i’ve had very successful
04:34
experience there
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and i think it’s likely to continue
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china the chinese story is the damnedest
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thing that
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it’s a damn decision that ever happened
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to a big country in terms of economics
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no other big country ever got ahead this
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fast for that long
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so a lot of these elites including elon
04:50
musk at least imply that the u.s is
04:52
headed towards a disaster but we know
04:54
from simply glossing over an s p 500
04:56
chart that from a stock market
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perspective the idea that the us is in a
05:00
decline is laughable we can argue back
05:03
and forth about the true state of this
05:04
country socially and economically but
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due to the nature of modern economics
05:08
stocks seemingly only go up for 15 years
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now we’ve never had an extended period
05:13
of losses and as much as humans love
05:15
hearing that everything is going to
05:16
crash and the economy is going to the
05:18
toilet most agree that there is nothing
05:20
that will bring down this market other
05:22
than the federal reserve it’s well
05:24
reported that the feds have been
05:25
contemplating a rate hike for quite a
05:27
while and based on the infamous dot plot
05:29
every indication is pointing to the fact
05:31
that the federal reserve will look to
05:33
raise the rate three times in 2022 but
05:35
these will be small hikes that have
05:37
likely been already baked into our
05:39
current market what everyone is worried
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about is the future potential of
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significant and extended rate hikes
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those would undoubtedly heavily damage
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the economy throughout but i have a
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feeling that when a congresswoman known
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for her positive stock returns make
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significant option bets the likelihood
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of a crash in the next year is very low
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and even if there was one the federal
05:58
reserve would step in and save the day
06:01
just like they did in march of 2020. for
06:03
elon the tweet about an incoming
06:05
recession by 2023 is very interesting
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when you consider the timing if you were
06:09
not aware musk has sold a record amount
06:11
of tesla stock whenever an insider does
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this you have to wonder about the
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underlying reasons we’ve all seen moves
06:17
like the ackman push before this is
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where you publicly state that the market
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is headed down but before you do so you
06:23
also secure either a short or a massive
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cash position this way when your crash
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happens you step in and scoop up even
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more shares at a massive discount if we
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look at tesla i think even elon knows
06:34
it’s massively overvalued way back in
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the day he tweeted that tesla at 420 is
06:39
too high something that at the time
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crashed the stock and made him trend on
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social media now years later the stock
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is well past that number nearly 200
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percent higher and no one is batting an
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eye in fact on january 3rd the stock
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rose 13 in one day for producing in one
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year what toyota does in one month an
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absurd evaluation that is hard to
07:00
quantify using classic stock analysis
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techniques predicting the future of
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markets is difficult if not impossible
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but it’s hard to be bearish when you
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look at a chart like this and when you
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stare at a disclosure showing how a
07:12
congresswoman is buying derivatives that
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have consistently printed money for her
07:16
and her husband thank you guys for
07:18
watching please make sure you hit that
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like and subscribe button if you enjoyed
07:21
it and if you have a minute please take
07:23
a look at my other channel where i just
07:25
released a video about the myth of
07:27
self-made billionaires it’s in the
07:29
description below