“They Dug Their Own Graves”: Elon Musk on Housing Bubble

[{"selector":"#anim-dfaff6b9-7b04-430f-afa8-f4f359c41b11 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-7.105427357601002e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-5334a8d4-be3b-4ffb-9384-48f89d32a333","keyframes":{"opacity":[0,1]},"delay":0,"duration":500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c6a97786-7f6d-48e9-878a-efd05768d145","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-08d972d8-167e-4938-9bc4-92529e1ceebf","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dbaf294d-31a5-4d5b-9be6-4e182cb8aca9","keyframes":{"opacity":[0,1]},"delay":0,"duration":300,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] “They Dug Their Own Graves”: Elon Musk on Housing Bubble

[{"selector":"#anim-a5ceca1e-b817-4870-ba0c-d7900d15390d","keyframes":{"opacity":[0,1]},"delay":200,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-54b7119a-437e-4587-bb7c-35fd2fbf5a42","keyframes":{"opacity":[0,1]},"delay":450,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1b7bb39d-d2b1-482f-aa58-01dfc3b1b062","keyframes":{"opacity":[0,1]},"delay":350,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f7a3bb70-ef87-4f1c-b91e-f5db848cd753 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-21.81144050691902%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-db951f7c-25e9-447f-b119-bb98048d043c","keyframes":{"opacity":[0,1]},"delay":0,"duration":300,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Elon Musk, known for sharing opinions on various subjects, including markets, cryptocurrency, and stocks.

[{"selector":"#anim-f82225f8-f161-45b7-8ef6-5e4394bfcf25 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-18.66367384300156%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-54eb7f98-ae57-4aba-99ff-d50f1958d74b","keyframes":{"opacity":[0,1]},"delay":200,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-daf92c3d-96b0-4b2d-b8fc-f1293b8deed6","keyframes":{"opacity":[0,1]},"delay":350,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3f0e75fa-6a22-4e0f-a940-260e14737747","keyframes":{"opacity":[0,1]},"delay":0,"duration":300,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Billy Markus discussed cryptocurrency's creation as a response to central bank control and blamed predatory lending for the 2008 recession

[{"selector":"#anim-8977464e-7c5d-4f8a-a999-78e472a8d7f4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-14.365671425563322%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-e2cf8fd4-aaed-4bdb-95bf-8337e8aee234","keyframes":{"opacity":[0,1]},"delay":200,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-832201d5-6adb-4d29-8e32-dd15f7eda125","keyframes":{"opacity":[0,1]},"delay":450,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f9beaf7c-54b2-453f-8284-98d072e967e7","keyframes":{"opacity":[0,1]},"delay":350,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cc4f8990-36b8-4c1c-9f5f-9d84b179ff6d","keyframes":{"opacity":[0,1]},"delay":0,"duration":300,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Markus highlighted the decentralized nature of cryptocurrency to prevent government manipulation.

[{"selector":"#anim-e315b613-15e4-47d6-a507-50177d327991 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-24.77624377898206%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-337307cd-537f-4dbc-ba84-089b7900cc93","keyframes":{"opacity":[0,1]},"delay":200,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0c44af3c-f1bc-4eab-8247-cfe8ad69d7ac","keyframes":{"opacity":[0,1]},"delay":350,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ca7a0921-d902-4752-9052-160d3a8ec174","keyframes":{"opacity":[0,1]},"delay":450,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fe285102-9b09-45c7-bd1c-7d6ece898eb4","keyframes":{"opacity":[0,1]},"delay":0,"duration":300,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Predatory lending practices allowed unqualified buyers to purchase homes with low initial payments

[{"selector":"#anim-1ab2760f-4c3b-4244-803b-5234540d658a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-22.80752636019606%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-a4ec9984-302c-44b1-85f1-44a2225b8444","keyframes":{"opacity":[0,1]},"delay":200,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6b9e6e76-fd86-436f-a781-1b6995d01d41","keyframes":{"opacity":[0,1]},"delay":350,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-29ad1152-ef8b-4324-9715-2f09952168eb","keyframes":{"opacity":[0,1]},"delay":0,"duration":300,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-854904ea-0774-4ae7-ba6c-6eabb17d5928","keyframes":{"opacity":[0,1]},"delay":450,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Musk disagreed with the sole attribution of the 2008 recession to predatory lending.

[{"selector":"#anim-262b269a-daba-43b8-b8aa-c12b33591964","keyframes":{"opacity":[0,1]},"delay":200,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-470eec3b-3acb-49c0-948b-4abef71d8050","keyframes":{"opacity":[0,1]},"delay":350,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9f33aa94-dda7-467f-81d1-1ef035cb49ae","keyframes":{"opacity":[0,1]},"delay":450,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-248ab5da-b1b5-4d40-87c7-81dd9c676f24","keyframes":{"opacity":[0,1]},"delay":0,"duration":300,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e0301b01-f6f8-44e1-855e-9487970080af [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-21.81144050691902%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Musk's perspective: Critical error during the recession was assuming housing prices always increase.

Swipe Up for this story

[{"selector":"#anim-99977d33-cc42-4810-b632-137f72a53638","keyframes":{"opacity":[0,1]},"delay":0,"duration":500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-d4a52942-05d2-4f3f-a3c9-72dd0784453e","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":500,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-420e7679-3381-4fd1-b63c-941ac28ade6b","keyframes":{"transform":["scale(1)","scale(1.1)","scale(0.99)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1000,"easing":"ease-in-out","fill":"both","iterations":10}] [{"selector":"#anim-9b3f221d-01be-4685-b7a4-f71abc5767db","keyframes":{"opacity":[0,1]},"delay":0,"duration":300,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Harry Kane granted approval from Tottenham to join Bayern Munich Swipe Up