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@GerberKawasaki In Simple Terms: As Bank Savings Account Interest Rates, Which Are ... - Latest Tweet by Elon Musk
The latest Tweet by Elon Musk states, 'In simple terms: As bank savings account interest rates, which are guaranteed, start to approach stock market returns, which are *not* guaranteed, people will increasingly move their money out of stocks into cash, thus causing stocks to drop.'
In simple terms:
As bank savings account interest rates, which are guaranteed, start to approach stock market returns, which are *not* guaranteed, people will increasingly move their money out of stocks into cash, thus causing stocks to drop.— Elon Musk (@elonmusk) December 20, 2022
(The above story first appeared on LatestLY on Dec 21, 2022 02:27 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
