The ‘rude awakening’ for bankruptcies Elon Musk warned about hasn’t happened yet

The ‘rude awakening’ for bankruptcies Elon Musk warned about hasn’t happened yet

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe

Wednesday, August 10, 2022

Today’s newsletter is by Brian Cheung, an anchor and reporter covering the Fed, economics, and banking for Yahoo Finance. You can follow him on Twitter @bcheungz.

In May, Elon Musk tweeted that a recession was coming, and that “some bankruptcies need to happen.”

But this “rude awakening” the billionaire warned…


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