"Hold Your Cash And Be Prepared" - Elon Musk Warns What's Coming Is More Than A Recession

"Hold Your Cash And Be Prepared" - Elon Musk Warns What's Coming Is More Than A Recession
A massive economic storm is raging, and it's getting close to your door. Elon Musk also knows about this destructive hurricane and issues warnings about it. Should we be concerned about this scenario now that that is in place? Don't worry; we've got you covered and we'll make sure you know just how to get out of this looming situation. So hold on tight!

Elon Musk finds a number of parallels between the current scenario and the 2007 subprime mortgage crisis. So what changed throughout that time? so that we know what to anticipate.

Due to the continuous decreases in prime rates since 2001, millions of clients received low-interest mortgage loans throughout that time. Because the loans were simple to utilize, more people wanted to buy new homes, which led to an increase in property prices. When loan rates spiked in 2005, things took a sharp turn, which had an impact on how affordable it was to buy new homes.

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