In an unexpected turn of events, tech entrepreneur Elon Musk has taken to Twitter to air his opinion on the December CPI number and its implications on the upcoming earnings season.
In a tweet that has gone viral, Musk wrote: “Trade deals are a complete joke. We need to renegotiate our agreements so that we can get better terms and a fairer deal.”
The tweet has caused an uproar online, with many people taking to social media to express their views. Many have accused Musk of being out of touch with the facts and of being too simplistic in his approach.
Jim Cramer, the host of CNBC’s Mad Money, weighed in on the debate. In a recent episode, he explained why the December CPI number is a ‘big deal.’ He argued that unless inflation is coming down in all the right places, the upcoming earnings season could be very rough.
In response to Musk’s tweet, Cramer said, “Trade deals are not a joke. They are highly complex agreements negotiated by experts and should be taken seriously. Renegotiating these deals without the proper understanding of their implications could have severe consequences for businesses and the economy.”
It appears that Musk’s tweet has sparked a much-needed conversation about trade agreements and the impact they have on our economy. Although the tweet may have been controversial, it has certainly served as a reminder of the importance of understanding the implications of trade deals and of being informed before commenting on them.
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