Elon Musk makes dire predictions about the economy

Inflation is the word for 2022.

Prices for goods and services have risen for the first time in 40 years, significantly impacting the purchasing power of households.

To reassure consumers, the Federal Reserve (Fed) has embarked on an aggressive monetary policy marked by sharp increases in interest rates. Economists warn that this monetary policy, seen in other parts of the world, especially in Europe, home to the European Central Bank (ECB), risks triggering a so-called “hard landing” for the US economy. Basically, if the Fed continues to be very aggressive in tightening monetary policy, it risks triggering a recession.

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