When will the next financial crisis occur? Musk: My instinct is no later than 2023

IT House January 3 news, recently, some netizens asked Musk when the next financial crisis is, Musk replied: "Predicting that the macro economy is very challenging, my intuition is that it may be in the spring or summer of 2022, but not later than 2023."

Christopher Mims, a Wall Street Journal reporter, asked Musk on Twitter, "What will the current 936 startups with a valuation of more than $1 billion become in five years?" Musk said: "If history can be used as a reference, then most companies will not survive the next recession." ”

In response to netizens' views on the economic crisis node, he was blunt: "Forecasting the macro economy is challenging, and my intuition is that it may be in the spring or summer of 2022, but not later than 2023." ”

If Musk's predictions are accurate, the economic crisis is likely to occur within a year. But Musk didn't give any reasons or details about what he thought was going to happen this year's Great Recession, relying only on "intuition."

IT House understands that in 2021, the net worth of the top ten richest people will increase by a total of about $400 billion, and Musk ranks first. Its net worth has increased by $118 billion in the past year, making it the world's richest man. In November-December last year, Musk sold 10% of his Tesla stock, and Musk gave the reason for paying taxes.