{"id":6828,"date":"2023-05-10T13:25:23","date_gmt":"2023-05-10T17:25:23","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/opinion-elon-musk-has-it-all-wrong-heres-why-the-bank-sector-wont-blow-up\/"},"modified":"2023-05-10T13:25:24","modified_gmt":"2023-05-10T17:25:24","slug":"opinion-elon-musk-has-it-all-wrong-heres-why-the-bank-sector-wont-blow-up","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=6828","title":{"rendered":"Opinion: Elon Musk has it all wrong \u2013 here\u2019s why the bank sector won\u2019t blow up"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002031794\">\n<div class=\"snippet__body\">\n<p>Elon Musk should stick to electric cars.\u00a0 Instead, Musk is on the interview circuit and Twitter predicting the demise of the banking sector. <\/p>\n<p>The problem here is that when the Cassandras damage bank stocks with their commentary, their warnings can become a self-fulfilling prophecy. Depositors who otherwise might not be concerned see the shares of their banks tank, and pull funds for fear that their bank is going out of business.<\/p>\n<p>This&#8230;\n    <\/p>\n<\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/elon-musk-has-it-all-wrong-heres-why-the-bank-sector-wont-blow-up-and-5-stocks-worth-considering-4ca11998?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk should stick to electric cars.\u00a0 Instead, Musk is on the interview circuit and Twitter predicting the demise of the banking sector. The problem here is that when the Cassandras damage bank stocks with their commentary, their warnings can become a self-fulfilling prophecy. Depositors who otherwise might not be concerned see the shares of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6829,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-6828","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Opinion: Elon Musk has it all wrong \u2013 here\u2019s why the bank sector won\u2019t blow up | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Elon Musk should stick to electric cars.\u00a0 Instead, Musk is on the interview circuit and Twitter predicting the demise of the banking sector. The problem\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=6828\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Opinion: Elon Musk has it all wrong \u2013 here\u2019s why the bank sector won\u2019t blow up | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Elon Musk should stick to electric cars.\u00a0 Instead, Musk is on the interview circuit and Twitter predicting the demise of the banking sector. 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