Shervin Pishevar took to twitter in February 2018 to make some dark predictions about the US economy. He spent 21 hours between February 5th and 6th sending out 50 separate points that explain why he feels the stock market will continue to decline, why big companies will crash, and why solutions used by the government in the past to reset the market are no longer going to work.
It seems that Shervin Pishevar has a knack for predicting the future. More than 10 years ago, he predicted that Facebook would experience a crisis, and it did. He is a well-known super angel investor who got his start in the Silicon Valley area. He was chosen as an Outstanding American by Choice by the US government in the year 2012.
Shervin Pishevar feels that there are a couple of things that are to blame for the continued decline in the stock market that he predicts will be experienced. He specifically mentioned tax giveaways and rising interest rates. He feels that all asset classes have proven to be overvalued and that safety will not be found for any class.
I have hundred+ DM’s and emails asking for help. Asking for patience as I get to each one. One entrepreneur reminded me I helped them years ago when they lived in a car and now they are doing well and need an accountant referral which I am sending. #howcanihelpyou https://t.co/CY6DtRdaiV
— Shervin Pishevar (@shervin) July 13, 2018
Shervin Pishevar says that there is a collective blind eye when it comes to the power that giant companies like Apple, Amazon, and Microsoft possess. He says that they are built on a monopoly framework and will lose their influence and may even completely crash. Because they have the power to buy out smaller businesses, they will ultimately make the entire system fail.
In times past, when the stock market has experienced a steep decline, the government has used quantitative easing. This allows central banks to buy bonds and eventually reset the market. Shervin Pishevar warns that Americans should not be fooled if the government turns to this solution as the stock market continues to decline. He says that this tool has been used too many times in the past and will not continue to be effective.
It seems like there is a bull’s-eye within the 50 tweets sent out by Shervin Pishevar. As he has expressed in the past, he feels that people need to realize that the entire system needs to be built from the ground up.