There are dire economic predictions pouring out of Twitter these days and we should all take notice. The source of these negative tweets is Shervin Pishevar who was an early investor in Uber and served as the head of Sherpa Capital. The man knows the economy. He has built a career out of understanding how it works.
That’s why we should all listen when Shervin Pishevar tweets that cheap money is dead. He believes that underemployment has hardened into our economic system to create stasis. It’s easy to see if you are looking in the right places. Economic inequality is at an all-time high in the United States as the Trump Administration continues to roll back taxes on the wealthy.
The Trump Administration draws some ire from Shervin Pishevar during his sweet storm. He believes that the trade wars perpetrated by the Trump Administration will cause the markets to crash more than 6,000 points. He believes that the skittishness of investors will be driven to an all-time high as trade becomes more volatile.
Shervin Pishevar is predicting an economic collapse and it is all playing out in real time on his Twitter account. And these tweets come after a resignation from Sherpa Capital which is a company he helped found. He believes that truculent enemies from his past are trying to drag him down with baseless accusations. He resigned from his post in order to save his company the effort of helping him in his fight. He now fights alone.
Shervin Pishevar has been relatively quiet ever since he announced his resignation via Twitter. This massive tweet storm lasted 24 hours. Experts are unsure of why the ex-head of Sherpa Capital has taken to Twitter in such a vociferous way. But, regardless of his intent, I think the capitalist world needs to take note.
Shervin Pishevar believes that the bond market will attempt to rally after the stock market crashes. It will fail to carry the equities market before collapsing indefinitely. He then sees gold rising in response while Bitcoin crashes, as well. However, he sees Bitcoin rising back up slowly over the next two years.