Shervin Pishevar on the US Economy

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Shervin Pishevar is a highly rated venture capitalist, a great investor, and a recognized entrepreneur from an Iranian-American background. He has co-founded and chaired the renowned Hyperloop One Company. He is also a co-founder and managing director of Sherpa a capital fund venture which has invested in Airbnb, Uber, and Munchery companies. His comeback tweet ignited a lot of mixed reactions from people all over America after he had vanished from the social media limelight.At the beginning of February, when the US stock was crushing, Shervin Pishevar wrote a tweet about the market. He believed that the market would do even worse this year with a tragic drop of 6,000 points. Shervin Pishevar had reasons behind the fall of the market which he presumed to be tax giveaways, increasing interest rates and discrepancies with credit accounts. In his tweets, he continued to say that the country will continue to experience slippage mainly with the gains of the new already declining. He did not end there as he opined that the increases from the past year would soon be gone as well. As though that was not sad enough, Pishevar stated that all classes of assets are overvalued and that investors would quickly feel it. In his tweet, Shervin Pishevar said that the government bonds no longer have the power to sustain the US market. He suggests a way of correcting the situation by using a quantitative easing, but he says that it is not going to be useful as it is an overly used technique.When he talked of inflation, Pishevar declared inflation as a non-existing. He claimed that increase has never been in favor of investors. That, for inflation, has been exported due to deals of trade that are done outside the US. His arguments then make him doubt the claims of other people that hold the opinion that the US market is raising and doing well. Shervin Pishevar tweets may put investors on their toes and the market itself. His practical approach and economic predictions could be a wakeup call in solving the weak economy.

 

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