Shervin Pishevar Uses Twitter to Express Deep Concerns about US Economy
Shervin Pishevar used Twitter as a platform to express some deep concerns that he has regarding not just the US economy but also the entire business and political system in the United States. He is one of Silicon Valley’s heavyweights and was an early investor in companies like Airbnb and Uber. He is more recently known for his startup Hyperloop One. This is a transportation based company that promises to build trains that go at super speeds and produce little to no pollution.
On the dates of February 5th and February 6th, 2018, Shervin Pishevar sent out 50 points making grim predictions about the US economy and explaining why he felt like the entire system in the United States is teetering on destruction. His Twitter storm started after the stock market experienced a dramatic drop. It is obvious that the stock market went down, but what is not so obvious is what Shervin Pishevar thinks will be even further slippage. He predicted that the market is going to continue to dip by another 6,000 aggregate points in the months to come.
Not long after making that prediction, Shervin Pishevar said that US citizens should expect hints of quantitative easing from US leaders if the market did not normalize quickly. He said it is the only tool that has ever had long-term predictable results but that no one should be fooled by it. It has been used too many times to continue to be effective.
Another point that he made is that inflation is dead. He does not see it as an antidote contained to US borders, mentioning that it has been exported for decades. Under the current administration, Shervin Pishevar doesn’t have faith that any global trade deals are going to fix the situation.
Shervin Pishevar is a big believer moonshots. He did have some good things to say about a couple of them. One is the company that he founded, Hyperloop One. The other one he mentioned was SpaceX. This is a company that was started by Elon Musk, who is the individual who gave Pishevar the idea for Hyperloop One. He feels that these companies can do some good.