The Main Highlights From Shervin Pishevar 21 hour Twitter Storm

Shervin Pishevar is long known for his bold statements, which he does not shy away from sharing. Last February he took Twitter by storm and went ahead to share his predictions of Bitcoin, bonds, and the American Economy at large. Here are the main takeaways from his 50 messages on Twitter.

 

A 6,000 Point Stock Market Dip

 

One of his opening statements on twitter was that he predicted a whopping 6,000 point fall in the stock market. His view was that this financial storm would be characterized by an increase in the national debt, a rise in interest rates and tax giveaways tailored for the rich.

No Asset Class Is Safe

 

Shervin Pishevar went ahead to tweet that the market has already consumed all the gains of 2018. In his prediction, no asset class was safe from the financial dip. This tweet came at a time when most asset classes such as treasuries, stocks, and property were highly overvalued. He issued a warning to investors that moving money to another market or asset class is pointless as all asset classes are sharing the same predicament.

 

Cheap Money Is Dead

 

Shervin stated that the era of cheap money is no more. He attributed this to the crashing of the stock markets, the rise in inflation and the rise in unemployment. In his explanation, the spike in interest rates makes cheap money hard to find. Shervin Pishevar said that the increase in inflation would cause investors to panic. He added that inflation was a nightmare, especially to bondholders. Inflation would soon catch up to the value if the fixed-rate payment for bondholders.

 

Gold Would Rise, and Bitcoin will Crash and Then Stabilize

 

Shervin Pishevar predicted that Gold would increase in value due to the sinking stock market. The increase in inflation would also create more demand for gold. His prediction on Bitcoin was that it would crash and then stabilize at a 2-5k range. His stand supports the notion that a frictionless and efficient economy can be created if the cryptocurrency separates itself from the centralized bank systems to allow for a global economy.

 

http://baltimorepostexaminer.com/elon-musk-shervin-pishevars-hyperloop-maps-d-c-baltimore-route/2018/04/03

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