Shervin Pishevar Paints a Gloomy Prediction of the US Economy in His 21-hr Tweet Storm

Shervin Pishevar has been quiet for the last six months after announcing that he would resign from Investment company. He is a pretty vocal business personality on the social media, but for some reasons, he has remained silent. Shervin Pishevar has invested in some renowned names like Slack, Warby Parker, Dollar Shave Club, and Uber.

Recently, Tweeter account roared to life with a gloomy tweet storm about the U.S. stock market. The market had a shake-up in Mid-February. Shervin believes this shake-up will continue towards the end of the year and cause the market to lose an aggregate 6000 points by the end of the year. Here are some of his main reasons.

The February Dip Will Continue For the Next Few Months

Shervin Pishevar thinks that the dip witnessed in the stock markets in February will continue and get more in-depth. He believes that the fall is caused by increasing credit account deficits, rising interest rates and an increase in tax giveaways.

Bonds Lost Their Power

The government issues bonds partly as a tool to reset the market and correct the deficiencies that put pressure on some sectors. However, he believes that the bonds have been used too much to remain effective. Therefore, the market may take longer or not normalize even after the central banks buy bonds.

He believes that Inflation is exported

Shervin does not buy into the thinking that the American economy is going up in contrast with the global economy. Therefore, he says that that the inflation cannot be contained within the borders and has been exported over the years. Shervin also feels that the shaky global trade deals created by the current administration will not help the situation.

Silicon Valley Lost Its Modern Rome Allure

Shervin Pishevar believes that the Silicon Valley lost its exclusivity. While it is not bad, it will negatively affect short-term economic growth. Talents and ideas are no longer strong enough to hold the Silicon Valley at the top. Shervin also feels that the American entrepreneurial spirit spread worldwide and became a global thing eroding any comparative advantages that the USA enjoyed.

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