Tesla CEO Elon Musk has overruled Democrat President Joe Biden and warned the public that a recession is "inevitable" in the "near term." The tech entrepreneur made the prediction Tuesday during an interview with Bloomberg. “A recession is inevitable at some point," Musk warned. "As to whether there is a…
Democrat President Joe Biden was talking to reporters at the beach today when he cracked an inappropriate joke about the looming recession. A reporter said: “Economists are saying a recession is even more likely than ever.” Biden said: “No, the majority of them aren’t saying that. "Come on. Don’t make…
Larry Summers, the former economic advisor and Treasury Secretary in Barack Obama's administration, has warned that Democrat President Joe Biden is leading America toward "a recession." Summers warns that previous periods of high inflation and unemployment, like the one we are currently in, have led to recessions within a “year…
A red flag for recession was raised on Monday when the yield curve inverted on the bellwether 2-year/10-year U.S. The indicator is being seen as a sign that the U.S. economy is about to slide into a recessionary period. Treasury spread on expectations that the Federal Reserve might tighten monetary policy…
Tesla CEO Elon Musk issued a warning to "woke" Americans that they are in for a "rude awakening" as the corporate world will soon leave them behind. Musk blasted "stay-at-home" workers that believe they "don’t actually need to work hard" to succeed in the world. The tech entrepreneur was discussing…
Germany has narrowly avoided a recession in the first quarter as its economy comes under increasing pressure from the Ukraine invasion and the lingering impact of the pandemic. The war and the effects of pandemic restrictions are weighing on German economic activity. However, Europe’s biggest economy still managed to eke…
The CEO of Wells Fargo Charles Scharf has warned that there's "no question" that life is going to get far harder for many Americans before it gets better. During a Wall Street Journal event this week, Scharf warned that the U.S. economy is about to get far worse. “It’s going…
President Joe Biden got some bad news today when the GDP numbers came in and shocked everyone by showing a decline. A stalling economy with rising inflation always spells doom for the governing party. Mitch McConnell said: “The economy actually shrank 1.4% over the last three months. No longer are…