Shervin Pishevar Takes to Twitter to Vent About the Economy

If you follow Shervin Pishevar on social media, you know that he has a tendency to be long winded. He famously spent 21 hours posting his thoughts about the state of the American economy to Twitter in February 2018. His tweets touched on everything from Bitcoin prices to the deterioration of America’s infrastructure.

Now Could Be a Time to Sell Stocks

The stock market is going to lose as many as 6,000 points throughout 2018 if you trust the words of Shervin Pishevar. Typically, it would be a good idea to transfer money from stocks to bonds during times of sharp losses. However, this sharp downward movement will be caused by volatility in the bond market. Therefore, it may not be the safe haven that it usually is during times of stock market instability.

Bitcoin Isn’t the Best Investment Right Now

At its peak, Bitcoin was trading at about $20,000 per coin. Shervin Pishevar sees the currency’s value falling back to at least $5,000 a coin before stabilizing and going up in value. If you are looking for a place to put your money, Pishevar suggests gold as its price will likely appreciate greatly during a period of uncertain economic conditions.

We Need to Think Long-Term

If we don’t start thinking long-term, we won’t have the infrastructure necessary to retain our role as the world’s largest power. Shervin Pishevar believes that the United States needs to start thinking about ways to improve our airports, train stations and roads. He cited the Chinese ability to make a new train station in a matter of days as a reason why they can compete with us in the long run.

The Startup Landscape Is Changing

Large companies are likely going to keep smaller players from gaining a foothold in the United States. Pishevar thinks that Uber is the last company that is going to get past the likes of Facebook, Google and Amazon in the United States. Going forward, most startups will be created in other countries.

https://medium.com/@shervin