Elon Musk Says Tesla and Spacex See Significant Inflation Pressure — Confirms He Won't Sell Crypto
The Spacex boss noted that other companies are seeing a similar trend. He referenced an article published by the Financial Times earlier this month stating that global commodity prices are on track for the biggest weekly rally in more than 50 years as Europe’s natural gas prices have hit a new record.
Many people replied to Musk’s tweets about inflation. Orcam Group founder Cullen Roche detailed: “The probability of 10%+ inflation is extremely high for much of 2022. Interestingly, this also increases the risk of deflation in 2023 & 2024 as it increases the risk of the Fed making a policy mistake and/or prices correcting by crashing.”
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Well, next time Elon will not joke so much with Russia.
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Elon Musk is right on inflation pressure, which is affecting commodities and logistics. And his advice of owning physical things like homes and stocks in good company, in time of inflation is awesome. Michael Saylor also gave his take, saying Bitcoin is best for inflation.
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