Shervin Pishevar is an entrepreneur who got his start in Silicon Valley. He is a super angel investor and has helped to start a few well-known companies, including Sherpa Capital. At the end of December 2017, he announced that he would be resigning from Sherpa Capital using his Twitter account. From that point until the beginning of February 2018, nothing was really heard from him.
It seems like when it rains, it really pours with Shervin Pishevar. He sent out 50 different tweets in a matter of just 21 hours explaining why the US economy is heading downward and why it will continue to do so. He feels that the stock market will drop 6,000 points in coming months. He feels that people should be wary of positive talk about the US economy.
One of the points that Shervin Pishevar made toward the end of the Twitter storm was about the United States’ five big unicorns. These include Microsoft, Google, Apple, Amazon, and Alphabet. He had very dark forecasts as far as the influence and also the possible downfall of these companies. He called them monopolies and said that the framework of these giants will fall. He said that they should in order to make room for new businesses. He warned about their power to buy out small startup companies, which will ultimately lead to a failure of the entire system.
Shervin Pishevar warned that individuals in every asset class should scurry and scrabble for safety, yet there would be no place safe to be found. He says that there will be more slippage in the market because every asset class has proven to be overvalued and losses will continue to be seen partly because of tax giveaways and increasing credit account deficits.
Another point he mentioned included the fact that quantitative easing, which the government often uses to re-correct the market, has been overused and will not always continue to work. He mentioned that inflation is dead and that the United States has been exporting inflation for decades. His 50 point Twitter storm had mostly grim forecasts for the US economy.