Florencia (she/her)@lemmy.blahaj.zone to People Twitter@sh.itjust.worksEnglish · 2 days agoEconomist Warns That Elon Musk Is About to Cause a "Deep, Deep Recession"lemmy.blahaj.zoneexternal-linkmessage-square98fedilinkarrow-up1601arrow-down110file-text
arrow-up1591arrow-down1external-linkEconomist Warns That Elon Musk Is About to Cause a "Deep, Deep Recession"lemmy.blahaj.zoneFlorencia (she/her)@lemmy.blahaj.zone to People Twitter@sh.itjust.worksEnglish · 2 days agomessage-square98fedilinkfile-text
minus-squareProfessorozone@lemmy.worldlinkfedilinkarrow-up1·8 hours agoBecause he can’t buy whatever he wants now?
minus-squareboonhet@lemm.eelinkfedilinkarrow-up1·8 hours agoHe can, but if stocks fall 90%, he can buy 10x as much. If he shorts things on the way down, he can multiply his money first too. If this is played right, he could be worth tens or hundreds of trillions a decade or 2 from now.
minus-squareProfessorozone@lemmy.worldlinkfedilinkarrow-up1·8 hours agoI believe that’s what he’s going for.
Because he can’t buy whatever he wants now?
He can, but if stocks fall 90%, he can buy 10x as much. If he shorts things on the way down, he can multiply his money first too.
If this is played right, he could be worth tens or hundreds of trillions a decade or 2 from now.
I believe that’s what he’s going for.