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The Guardian - US
The Guardian - US
Technology
Andrew Lawrence

Elon Musk welcomes global recession: ‘it’s been raining money on fools for too long’

Elon Musk:
Elon Musk: ‘This is actually a good thing.’ Photograph: Jim Watson/AFP/Getty Images

With the invasion of Ukraine and lockdowns in China putting added pressure on a supply chain that has yet to recover from the ongoing pandemic, many are predicting a global recession. Elon Musk says bring it on.

“This is actually a good thing,” Musk said in response to a question from a Twitter user. “It has been raining money on fools for too long. Some bankruptcies need to happen.

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