Markets pricing not if, but when a recession occurs: Expert
UBS managing director Jason Katz reacts to the Biden administration insisting a recession is not inevitable on ‘Varney & Co.’
Tesla CEO and billionaire Elon Musk says a recession is "inevitable" in the long term and one is likely to hit the U.S. "soon."
Musk made the prediction Tuesday, echoing statements he made on Twitter indicating that an economic "rude awakening" is inbound.
"A recession is inevitable at some point. As to whether there is a recession in the near term, that is more likely than not," Musk told Bloomberg in an interview.
"It is not a certainty, but it appears more likely than not," he continued.
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