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  • Elon Musk says the Fed must cut rates ‘immediately’ to stop a severe recession

    From cnbc.com

    Elon Musk thinks a recession is coming and worries the Federal Reserve’s attempts to bring down inflation could make it worse. In a tweet early Wednesday, the Tesla CEO and Twitter owner called on the Fed “to cut interest rates immediately” o r risk “amplifying the probability of a severe recession.” tweet The remarks came in an exchange with Tesmanian co-founder Vincent Yu in which several others participated. Later in the thread, NorthmanTrader founder Sven Henrich observes that the Fed “stayed too easy for too long totally misreading inflation and now they’ve tightened aggressively into the highest ... (full story)

Don't worry Musk! Recession is transitory! As was inflation LoooL

It's also inevitable!
Elom Musk is ruling USA ))
All charts clearly indicate a weak dollar ahead! No worries. Fed guys are smart!
who said they dont want a recession elon?
Dollar is struggling staying afloat.
Lol, this con man is sh!tting his pants. If Tesla goes lower and lower, he may end up being SBF #2.
Considering weak Dollar. We'll see how weak it is after Powell (in my opinion) brings it back from dead after very simple but effective statement.. NO PIVOT!
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No, the FED must stop printing money and handing it out AND this Administration must take the hand cuffs off our oil industry, stop threatening to put the oil industry out of business, cause it's NEVER going to happen, the world needs oil. Drill baby Drill !
FED will go up to 5-6%, ECB is almost done.
Everyone can see the chart, but only a few can actually read it.
From1toMillion EA All Time Return: 2,980.0%
Fed Will consider Elon Musk Opinion
Quoting OnlineAddict
FED will go up to 5-6%, ECB is almost done.
2007-08 Fed 5.25%
ECB 4.25%

We're getting closer and closer. Imagine the flash crash on Yen pairs when shit starts to go wrong. I'll keep waiting for it.

Advice to people is: if you missed buying USD and CHF when war started, as did I.. DON'T FAIL AGAIN! Everything in USD and CHF and when the time comes, pull everything from USD and CHF and start buying Yen against everything!

BOJ's rates were at only 0.50% and still every currency was annihilated by Yen in 2007-08, as they will be again when this new recession enter the house, so far knocking, but it intensifies every day.
Quoting venividivici
who said they dont want a recession elon?
Exactly!

Also, everyone forgot about oil.. last nail in the coffin and by some people's opinion, VERY soon.

I said, when everyone starts to believe in reversal, then the drop will come! I guess it's time.. we'll see. I predict strong USD.
Elon thought the market will react the same way it react to his comment on Dogecoin
Riskin' ticks for points!
Quoting Fardeen1209
Elon thought the market will react the same way it react to his comment on Dogecoin
LoL
In the world of Forex, the only human that matters in market's eyes is Jerome Powell. The only reason why Pound isn't already at 1.18 against USD.
Jealousy is a curse.
In the days of old when sailors were bold, and seldom if ever contented.
I have to wonder why anybody cares what Elon Musk thinks, unless you own his stock.
Warning: A Dangerous Subversive: 1% of comments CoCed
Quoting RossEdwards
I have to wonder why anybody cares what Elon Musk thinks, unless you own his stock.
Or if you have some vested interest in Twatter.
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  • Story Stats
  • Posted: Nov 30, 2022 11:43am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 18  /  Views: 4,175