Florencia (she/her) to People Twitter@sh.itjust.worksEnglish • 1 month agoEconomist Warns That Elon Musk Is About to Cause a "Deep, Deep Recession"lemmy.blahaj.zoneimagemessage-square99fedilinkarrow-up1610arrow-down110file-text
arrow-up1600arrow-down1imageEconomist Warns That Elon Musk Is About to Cause a "Deep, Deep Recession"lemmy.blahaj.zoneFlorencia (she/her) to People Twitter@sh.itjust.worksEnglish • 1 month agomessage-square99fedilinkfile-text
minus-square@Professorozone@lemmy.worldlinkfedilink1•1 month agoBecause he can’t buy whatever he wants now?
minus-square@boonhet@lemm.eelinkfedilink1•1 month 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-square@Professorozone@lemmy.worldlinkfedilink1•1 month 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.