Are Elon Musk And Jaime Dimon Crying Wolf About The Economy?

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Elon Musk has a “super bad feeling” about the economy. JPMorgan’s Jaime Diamond forecasts an “economic hurricane.” Both claims are counterfactual. The economy’s super hot, inflation’s temporary, the Fed’s not slamming on the breaks and reversing QE, to the extent that happens, will surely be benign. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc.

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a’s Elon Musk has a “super bad feeling” about the economy. My first cynical reaction: Musk is preparing an excuse for disappointing Tesla sales. As the president…

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