Many people in the business world know who Shervin Pishevar is. He’s the founder of Sherpa Capital. He’s also an early investor in a wide array of tech companies. It’s not often that he takes a podium on social media, but when he does, people usually listen. This was the case beginning February 5 when he decided to share his thoughts on the economy. He made a number of predictions, some of which are already shaping up to become true.
The tweet storm, as it was dubbed later on, involved a total of 50 tweets in less than 24 hours. Luckily for us, they were all numbered to make it easier to follow along with his stream of consciousness.
The Market Will Become Shaky
The very first tweet sent out by Shervin Pishevar identified that he saw some financial storms brewing. He started out by making a prediction that there would be a 6000 point drop in aggregate over the next few months. His next few tweets become points as to why he makes this prediction. The market has given up their gains for 2018 and is already starting to give up the gains from 2017. It is also obvious that interest rates are on the rise and credit account deficits are increasing.
The US Will Lose Their Edge
Another prediction by Shervin Pishevar is that the US will continue to lose its competitive edge. This is already evident in Silicon Valley because immigrant talent is no longer being hired. It’s difficult for immigrants to enter the country due to cultural and physical barriers so they are staying in their home country and helping their home country to become more innovative. Further, the United States is failing in terms of the speed of execution. This can easily be seen when China was able to have an entire train station built in nine hours. Go To This Page for additional information.
These predictions have a number of people scurrying for financial protection. The Dow Jones itself dropped 500 points within a day of these tweets releasing. Whether this was coincidence or not, it is demonstrating that Shervin Pishevar knows what he is talking about.