Who is Shervin Pishevar?
Investment company and since then, he had maintained a low profile until he resurfaced on Twitter recently. Shervin Pishevar is a well-known entrepreneur and investor with interests in multinational companies such as Uber. In a tweet storm that lasted over 20 hours, Pishevar discussed various issues that affect the American economy.
Most of the people who know Pishevar argue that his rant on Twitter was not a surprise since he is known as man of many words. He never hesitates to make his opinion known to the public and his criticism of various aspects of the economy is in the public domain. Some people still found the tweet storm rather surprising, especially because it came after a prolonged silence.
What did Shervin Pishevar say about the economy in his tweets?
Shervin Pishevar seemed to agree with many financial analysts who believe that the stock market will continue to slip. In his opinion, Pishevar seems to think that the gains that have been made in 2018 have already been lost. He further claims that the economy is in the process of losing the gains it made last year. The outcome of the continued slippage in the stock market is an increase in credit account deficits, tax giveaways, and high interest rates.
In the numerous tweets, Pishevar sought to address the issue of government bonds and their effectiveness. In his tweet he says, ‘Expect hints of QE4 from our leaders if market doesn’t normalize quickly.’ Pishevar argues that for many years, government bonds have been used by the Federal Reserve to address the instability in the stock market although this success does not mean that government bonds have an unlimited capacity. He seemed to suggest that the current instability within the stock market might reach a state where government bonds would be inadequate to address the instability in the stock market. If Pishevar’s analysis is true, the country is likely to experience an economic crisis in the near future.