Donald Trump wants to give back America’s membership in the global economy. Trump wants to teach China and other trading partners a lesson. The lesson is the United States doesn’t need international trade deals if other countries are making more money. According to Trump’s interpretation, a better trade deal is when America has the upper hand. His trade war with China could be the move that gives investment genius Shervin Pishevar’s tweets more credibility. Mr. Pishevar gave Trump, and the investment world, a dose of his investment predictions back in March. And it looks like his tweet about the economy taking a huge hit might be just around the corner.
Trump’s $200 billion tariff plan may hurt China now, but there are other countries standing in line to get a piece of China’s business. Once they do, U.S. farmers who had contracts with the Chinese will disappear, and may never come back. Plus, Trump’s tariffs are going to hurt American consumers. Prices will go up by at least ten percent, and they won’t come down. That means Shervin Pishevar’s tweet about the stock market dropping by more than 6,000 points could come true in the coming months. America’s Gross Domestic Product growth relies on consumer spending. And when prices go up, consumers stop spending.
Shervin Pishevar didn’t start a tweetstorm to scare investors, but that’s what happened in some investing circles. Those scared investors know Shervin Pishevar has an uncanny knack for predicting the future in the investment world. He was one of the first investors to dump millions into the Uber startup. Then he went for the gold again when he invested in Airbnband Warby Parker. Shervin thinks every asset has too much fat and not enough meat in them right now. Some investors are looking for places to park their money, so it’s safe when the market and other assets lose their value.
But there are some investors who think Shervin Pishevar is just blowing off steam in his 21-hour tweetstorm. Those investors say Pishevar is over thinking the situation. Those investors also say Trump’s economic plan is working.
Wesley Robert Edens is popularly known globally as Wes Edens, and he appears to be among the few billionaires internationally. 1961 was when he became the citizen of the United States through birth, although currently, he resides in New York City. In fulfillment of his academics, he was enrolled as a student of Oregon University, and Wes left the university in 1984 after being awarded a Bachelor Degree in both Business Administration and Finance. Due to his hard work in finance sector, he has built an excellent reputation for himself, and his many accomplishments have seen him ascend to top positions. Wes Edens has been an asset to the society to the extent that his impact can be easily be identified and felt such as many people have actualized their dreams as well as changing their living style through his help.
For the six years that is from 1987 to 1993, Wes Edens has been working for Lehman Brothers as a partner and also occupied the position of managing director. The company faced stiff competition from other wealthier company, but he made sure it always had a comparative advantage over them by developing strategies that countered the race. Customer loyalty is almost the goal of each company; therefore in ensuring that its employees were contented with it services, it had a right public image as well as an excellent reputation in the market. Later on, Wes Eden shifted to Black Rock to utilize his skills and until 1997; he has been working in its private equity division where he performed as both a partner and managing director.
In 1998, an asset managing firm which is commonly known as Fortress was brought to existence through Wes Edens and his colleagues joining hand and deciding to work together. While he was at Fortress, his investment lifestyle was dependent on growing business from reserves and innovative financing. Under he his stewardship, Fortress became the first buyout company. Fortress customers benefited much from his skills and the strategies that he developed to aid them in growing and managing their investment.
Wes Edens has been quite instrumental in the transformation of Fortress Investment Group into a mega-company that it is today. Being one of the co-principals of the organization, Wes ensures that all the employees of the company are well- aligned to the goals and objectives of the company so that their efforts are geared towards their achievements.