On February 6, 2018, Shervin Pishevar took to Twitter to express the deep concerns he has regarding the US economy. He made sent out 50 tweets that predicted some pretty dark days ahead for the stock market, big US companies, and even bitcoin.
Shervin Pishevar is well-known in the Silicon Valley area as a super angel investor. He was a strategic advisor to Uber and help co-found a venture capital fund that invested in Airbnb and Uber. In December 2017, he announced his resignation from that venture capital fund. That was the last time he used twitter. So his tweet storm came as a big surprise. Obviously, the axles in his mind continued to turn and were let out all at once.
On February 5, 2018, the day before Shervin Pishevar’s tweet storm, the US stock market experienced a dramatic drop. In fact, it is one of the most stomach-turning drops that has happened in recent memory. Shervin Pishevar is especially concerned about more slippage in the market, mentioning that he feels it will go down 6,000 aggregate points over the next year. He feels that with all of 2018’s gains forgone, 2017’s gains will be gone in a short matter of time as well.
Another point that Shervin Pishevar mentioned is that Silicon Valley is no longer what it used to be. It used to be a stronghold on ideas and talent. Now it is an idea that has gone viral. The movement of being an entrepreneur is now borderless. He even gave an example of individuals in China working together to build a train station in just nine hours. His basic point is that the American economy is not alone. And while this may be good for other countries, it is not good for short-term domestic growth in the United States. He feels that under this administration, no one should feel confident in any talk of the US economy growing.
The notions that Shervin Pishevar expressed on Twitter are ideas he has expressed in the past. With a more open society, there will be less volatility and not as many bottlenecks on innovation.
The world we are in today is getting more unpredictable and also exciting. For example, in the field of finance, we already have alternative payment solutions today that are almost beyond creative. They’re beyond creative in the sense that they’re not just sci-fi ideas anymore. They used to be just stuff of imagination, but now they can be part of our everyday life. That said, if before we had wrist watches that tell us our heart rate, today comes a different way of commerce: through rings. This imaginative way of paying for products is initiated by no other than the fantastic team behind the online banking firm PSI-Pay.
Money on A Ring
We already have been used to wristwatches now that can tell us our optimal health, our heart rate, and other body fitness information. But what you probably haven’t heard yet is jewelry that you can wear everywhere, and you can use to purchase items across more than a hundred countries. With the partnership with Kerv Wearables, PSI Pay is the first company to be able to integrate the use of a jewelry ring to be a form of payment system.
This is a breakthrough technology, no doubt. The fact that PSI Pay is already integrated into the credit card and debit card system makes this invention even more fantastic since you no longer need to input your data or any banking information when you make purchases. All you need is to show your ring, like a character in a sci-fi novel, and you’re now all set to transact with various businesses. It also helps that right now Kerv Wearables has been able to build a name of creating the most trusted pieces of tech hardware that help people get their business transactions smooth and robust. This is indeed a first of its kind, and it’s fortunate that PSI Pay has been the first to have been able to do such kind of innovation.
Despite the modern challenges of scaling the business, PSI Pay is also impressive because since 2016 it has been meeting with its target of increased business volumes, almost reaching to about 29%. With the new strategic overhauls that PSI Pay is in, there’s little doubt that it is now built to continue its success.
The 1987 stock market crash took place 30 years ago this week. October 19, 1987 was Black Monday. Dow Jones plunged 508 points. That was 22.6%. Two months earlier, the market had peaked. But the market had been experiencing wild day-long swings since that time. Without warning, the market suddenly did a nose dive and even blue chip stocks fell precipitously. Market veterans say people should not become complacent with the current preternatural calm of today’s booming market. They say it’s not if the market will crash again, it’s when. So investors would be wise to prepare.
The best investors don’t wait for bear markets to occur then react. They anticipate them and prepare. While the market is high, they emphasize quality stocks, allocate their assets properly, diversify broadly, use trailing stops and hold a good portion of cash. The cash doesn’t only lessen downside risk, it also positions them to take advantage the next time there is a bear market.
Companies like the Oxford Club can help. An international private network made up of investors and entrepreneurs, the goal of the Oxford Club is to help its members make and protect extraordinary wealth. For over two decades, no matter the market conditions, the organization has done exactly that. They do thorough research into hundreds of investment opportunities, select only the ones with the lowest risk and the greatest profit potential and then recommend those to their members.
In 1999 The Oxford Club founded its educational arm called Investment U. Through Investment U Daily, its free e-letter, as well as videos, courses and conferences, The Oxford Club helps investors obtain true financial freedom. They call the idea “liberty through wealth”. Investment U Plus, their daily newsletter’s premium version, offers subscribers actionable stock recommendations from their renowned market experts.
Interested in the Oxford Club jobs: https://www.indeed.com/q-The-Oxford-Club-jobs.html
Rick Smith was appointed the CEO of Securus Technology in 2008 and quickly worked his way to being the company’s president in 2009. His rich experience and determination to work have contributed greatly to the fast growth of Securus Technology. For instance, overseeing the initiative to invest more than $600 million in improving their technologies and hiring staff to deliver their services efficiently.
Securus Technology is a company that was established in 1986 with the aim of providing up-to-date technologies to various correctional institutions across America. The company has technologies that can detect and prevent crimes from happening and also helps law enforcement officers gather evidence to be used against criminals. The company provides over 1 million inmates under its program with services like providing them with money to buy basic needs as well as voice and video call services so that the inmates can connect with their families. Securus Technologies is keen in making the life of the various inmates as comfortable. Read more on PRNewsWire.com.
Rather than contracting, Rick Smith Securus prefers employing the people to work for him. He believes that this way, it is easy to maintaining consistency, increase accountability, and in general provide top notch services. This is one of the many techniques Securus Technology has adopted to ensure customer satisfaction. Their growing market base is a clear indication that they have been able to satisfy most of their clients.
The company’s best services include a world class calling center which was developed and is run by its staff. Also, the company developed the biggest VoIP Corrections institution calling space. All this has been done and achieved under the close watch of Rick. Interesting to note, no competitor has been able to match his strategies.
Rick Smith educational achievements are astonishing. He holds degrees such as a Bachelor’s Degree in engineering which he achieved from the State University of New York and an associate’s degree which he got from Rochester Institute of Technology. He also holds a Masters of Engineering which he achieved from the State University of New York. He also attended the University of Rochester (Simon School) where he graduated with an MBA.
He has a huge working experience having served various positions in different companies. Between 1992 and 1998, he served in different capacities in Global Crossing North America, Inc., which was then known as Frontier Corp. He served the company as the vice president of the finance department and also as the head of informatics. Afterward, Rick joined Eschelon Telecom Inc. where he worked between 1999 and 2007 as the president. He later got a promotion to become the CEO. During this time, he helped to increase the company’s net worth as well as attaining an IPO.