When a successful investor such as Shervin Pishevar talks about the economy and current financial matters, you have to listen. This is an investor who has worked in various sectors including the stocks and therefore, he understands some of the most critical conditions that affect the country. Recently, he staged a surprising 21 hour tweet storm in which he engaged his Twitter followers on some of the issues that he thinks affect the country at the moment. Some people called it strange, but others praised it. Let us look at what this storm was all about.
His take on a possible financial crisis
Shervin Pishevar believes that most Americans are going around their daily businesses oblivious of the financial crisis that lies ahead. He sees a situation whereby the stocks will continue to plunge this making the economy to go down. In his tweets, he insinuated that the situation I almost inevitable based on his analysis. When asked about the causes of this possibility, his answer a brief one: mismanaged credit, exaggerated interest rates, and tax giveaways. He says that the government is to blame for all these mistakes.
Are government bonds the solution?
When it came to talking about the best solution to the gloomy financial situation, Shervin Pishevar said that as usual, he expects the authorities to issue government bonds. However, he says that this option is unlikely to work His reasons are that the option has been used for too long, it has lost relevance, and it is not a guarantee that it will work anymore. Therefore, he wants the departments that are responsible for making financial decisions to formulate policies that will ensure that there are better ways to look for funds.
Another situation that upsets Shervin Pishevar is the notion which Americans have long held that they have a monopoly of talent. He told
Rainbow34 January 30, 2019