When the loudest boom is made, even the sleepiest hibernating bear can be awakened. This is what seem to have happen with Shervin Pishevar. His twitter account had been pretty dry from mid December to early February. It was as if he had muted the mic on his thought leadership. However, early February saw a twitter storm from Shervin Pishevar that had 50 points explaining why the US economy was in such bad shape and would continue to get worse. This storm lasted 21 hours.
Shervin Pishevar has used Twitter to express thoughts about the US economy and much more in the past. He even used it to announce his resignation from the capital fund he helped to co-found, Investment company. He is one of the big players in the Silicon Valley area and has invested in well-known companies. He was also a managing director at Menlo Ventures, where investments were made in Tumblr and Uber Series B.
Happy Mother’s Day to my mom Eshrat- and all other immigrant moms. Mom, you held my in your arms as Saddam’s bombs fell in Tehran. You dreamed of a better life. You cleaned hotel rooms first. Alchemy of America is anyone can make it no matter what skills they have on arrival. pic.twitter.com/3tPZYwr8wL
— Shervin Pishevar (@shervin) May 13, 2018
This Twitter storm came in response to a dramatic drop in the stock market. It is obvious that the market dropped, but Shervin Pishevar pointed out that the not so obvious thing that is about to happen is even more slippage. He feels that gains from 2017 will soon be gone, just like ones from 2018. In the beginning of the tweets he sent out, he mentioned that safety could be found nowhere since every asset class has proven to be overvalued. Some of the main culprits to blame for even further slippage include increasing credit account deficits and interest rates.
Shervin Pishevar said that people could expect hints of QE4 from US leaders if the market didn’t normalize quickly. However, he said that people should not be fooled by quantitative easing. He said that this process that allows central banks to buy bonds has been overused and may not continue to be an effective way to correct the market after a crash.
These are just two points that Shervin Pishevar made in the series of tweets he sent out. Other topics he touched on included bitcoin, immigration, technology, and the fall of big companies in the United States.