Shervin Pishevar made some grim predictions about the US economy in early February 2018. He sent out 50 tweets in 21 hours anticipating stock market crashes, systemic economic stasis, and inflation. He feels that many of the challenges that the US is facing have to do with nationalism, cultural trends, and politics. Is it worth it to listen to Shervin Pishevar?
Gundlach predicts a 3% yield on the 10-year Treasury will spell the end of the bull market https://t.co/iVWb7KCgQ2
— Shervin Pishevar (@shervin) March 18, 2018
Shervin Pishevar is a super angel investor, philanthropist, venture capitalist, and entrepreneur. He is co-founder of both Sherpa Capital and Hyperloop One. He is not just a guy who looks at numbers all day. He was appointed by Pres. Obama to the J. William Fulbright Foreign Scholarship Board, so he is a respected individual on a committee who decides who will receive Fulbrights every year. Additionally, he has made other predictions that have proven to be true in economics. For example, 10 years ago, he correctly anticipated the identity crisis that Facebook went through. Even back then when making Facebook’s prediction, he mentioned that the financial system was teetering on near destruction and needed to be built from the ground up.
There were quite a few ominous predictions made by Shervin Pishevar in the 21 hour tweet storm that occurred in February 2018. The storm was brought about by a steep downturn in the stock market. One of the topics Shervin Pishevar touched on had to do with economic giants including Apple, Microsoft, and Google. He mentioned that those companies are built on monopoly frameworks and will fall. He said that they should because it is how evolution works. He feels that Americans are turning a blind eye to these giants.
Shervin Pishevar feels that an economic disaster in the United States can lead to a new type of economy, so it is not all bad news. He feels that when middlemen are irrelevant, a global economy that works more efficiently can be achieved. The potential for failure that he projects is an equal opportunity for an egalitarian economy.
At the heart of his 50 tweets, it seems that the main point he is made is that things are going to get better eventually, but they must first get worse.