Tesla CEO Elon Musk, whose purchase of Twitter remains ongoing, slammed President Biden as an empty suit in a podcast interview Monday and warned that if the government continues printing money, inflation will get worse and the U.S. might follow the path of Venezuela.
Sometimes billionaires get it right, sometimes not. (BTW Putin and Gates are also billionaires.) No doubt all these folks are good at making money for themselves.
Are we for or against Walmart and Amazon forcing the small main street businesses to close their doors? Are we for or against big Tech - for if Musk owns Twitter? Are we for or against big Pharmaceutical?
Or is support dependent on momentary political convenience?
Other causes include… - Covid 19 and impacts to both supply and demand curves both during economic downturn and again in recovery _ a double whammy on supply and demand curves. - World events such as Ukraine especially energy impacts - Fed Policy
Other lesser factors that are being priced in … - Long term government economic policy spanning many administrations perhaps as far back as the ‘80s that allowed US manufacturing outsourcing. - Long term business strategy that embraced globalization, JIT inventories, lowest cost suppliers without evaluating risk etc.
The current administration and the Fed were slow to recognize extent of inflationary pressures and act.
What’s the best thing to do at this point in time?
Is that what he told you? If you speak with him again, tell him he is a hero. Anyway, so without owning it now, how does he stop the bots that everyone already knew about? Was he just bring awareness? Billions of dollars for awareness? So cool He has a huge heart.