Elon Musk has been whirring in the news as of late between sexual assault allegations, his Twitter acquisitions, Tesla stock recently plummeting, and ultimately his hot ass takes. Next on his list of amazing Twitter takes: Elon Musk believes “some bankruptcies need to happen.” as he claims a recession would be beneficial.

Twitter has been an amazing area for Musk to share his opinion. A user asked Musk about the possibility of a recession to which Musk replied: “Yes, but this is actually a good thing. It has been raining money on fools for too long. Some bankruptcies need to happen. Also, all the Covid stay-at-home stuff has tricked people into thinking that you don’t actually need to work hard. Rude awakening inbound!”

“Based on past experience, about 12 to 18 months. Companies that are inherently negative cash flow (ie value destroyers) need to die, so that they stop consuming resources.”

Elon Musk said when he was asked how long he thought a recession would last.

In recent weeks, so many more bank officials and prominent economists have claimed a greater risk of the United States economy falling into a recession has increased. These claims are coming as we see the continuation of high inflation as well as evergoing Covid disruptions.

On Thursday, data was released that indicated that the GDP fell by 1.5% in Q1 of 2022. The 1.5% contraction came in sharp contrast to the 6.9% growth in GDP that was reported in the final quarter of 2021. The shrinking was also attributed to a slower restocking of goods in stores and warehouses, which reduced 1.1% of the GDP.

The most recent blow to any hope of recession easing in April’s consumer price index was revealed to rise by 8.3%.