There are plenty of voices out there that want to tell you what you ought to think about this topic or that. They will preach to you from their own economic philosophies about how the world ought to work according to their framework. That is all well and good, but there are definitely some downsides to listening to what just anyone has to say on the topic. Instead, listen to someone like Shervin Pishevar.
In terms of entertainment value it is hard to match Shervin Pishevar. He recently logged onto Twitter to announce various stances that he has taken on the economic issues of the day. It wasn’t just a brief comment here or there either. Rather, Shervin Pishevar released a fifty tweet long tirade about all kinds of different issues impacting the global economy as he sees it. He felt that this was one of the best ways to reach out to a lot of people all at the same time.
“Cryptocurrency platforms have exorbitant fees, and they’re hard to use. I think it’s fair to say that our goal is to build the best product on the market, where users can have all of their investments in one place.” @vladtenev via @zoeSaintBernard https://t.co/h4X0dtybxO
— Robinhood (@RobinhoodApp) May 11, 2018
There were no prisoners taken when Shervin Pishevar got on a roll with what he was talking about. He did not beat around the bush when it came to calling out the Trump Administration for their policies that he believes are causing economic turmoil throughout the country. He also was not shy about saying that investors in Bitcoin today are going to get burned by the currency. He simply does not see the value in holding this particular currency at this moment in time. He thinks that it is actually pretty dangerous to do so.
Shervin Pishevar would like to see those who are holding US-based equities dump them to avoid what he sees as at least a twenty percent pullback in the value of stocks in the near future. He thinks that getting people to get out of their equity positions is the best way to avoid some of the pain that is coming.
You could classify Pishevar as a bear in a bull market right now. He would gladly wear that label so long as it turns out that he is right on the facts at the end of the day.