Category: Financial Experts

Shervin Pishevar: Touches With Twitter

If you did not catch the Twitter rampage earlier this year from Shervin Pishevar, here is a breakdown of the events. The tweets covered everything from the American bond market, the future of some stocks, and Silicon Valley. It was a lengthy Twitter splurge, which covered a lot of territory.

First, there is a little background to know about Pishevar. He has made many good investment moves, such as Uber, Dollar Shave Club, and Slack, so that is why he can comment on finances and the economy.

For some good news, Shervin Pishevar sees a shining light with some of the space programs, such as SpaceX. He also commented on the inspiring work coming from Virgin Hyperloop. By the way, he is a partner in the Virgin Hyperloop company.

Now for the other facts and figures he threw out there. He tweeted on a prediction that the stock market will take a complete drop of 6,000 points. He compared it to a bear waking up from a long winter’s hibernation. He has a theory that the decline is being caused by interest rates that continue to climb. Coupling the increasing rates with tax freebies, he believes the market will not be sustainable, and the crash is inevitable.

Bonds have lost their glimmer. Government bonds use to have some influence and help stabilize the economy. Central banks purchased bonds as a mechanism to offset the stock market. Pishevar tweets about how this form of manipulation is antiquated. He said it has worn out its welcome because it was used too many times.

Next he tackled the world markets. In his words, the US has exported inflation. By his accounts, this action has been taking place for years. The state of the US finances is not walled off from the rest of the world’s economy. Pishevar appears to have little hope that the current political climate will stop the exportation because of the international trade that is being tested and disrupted.

Shervin Pishevar speaks of the Silicon Valley as if it is crumbling like the pyramids. The Valley use to be as shiney as the bond market, but it too has burned itself out. The talent that use to beat the door down to get in is now looking elsewhere.

Shervin Pishevar Twitter inferno lasted for several hours, and it seemed like nothing was left untouched. Spectators wonder if that will be the last full rampage we hear from Shervin Pishevar until next year.

http://www.businessinsider.sg/shervin-pishevar-strange-21-hour-tweet-storm-2018-2/