Twitter is a pretty interesting place if you know where to look. Just check out the geyser of information that has erupted out of Shervin Pishevar. He takes aim at the economy, Silicon Valley, infrastructure, President Donald Trump, Bitcoin and more. It all stems from a 21-tweet explosion that took place over the course of a day.
Of course, Shervin Pishevar paused his Twitter rant so that he could enjoy dinner. Then he got right back on his smartphone to predict the demise of the American economy. The culprit? He thinks this administration’s trade war is partly to blame.
The ex-head of Sherpa Capital fired shots at Trump and his trade wars. He believes volatile trade coupled with a stagnant economy will cause a 6,000-point drop in the stock market. And he sees a sluggish economy as income inequality widens. His tweets illustrate that underemployment has become an accepted part of life and is now the new standard. All of this will lay waste to the American economy in a short period of time.
He also thinks Silicon Valley is going down. He points at five Silicon Valley companies as holding technological monopolies. He lists Alphabet, Amazon, Apple, Facebook and Microsoft as monopolies that are crushing innovation in the valley. He also believes that the innovative spirit that helped found Silicon Valley will leak out by calling it a borderless idea that is not tied to the valley. New innovations will wipe Silicon Valley out.
Shervin Pishevar is also prognosticating the fall of Bitcoin. The internet currency will plummet to just a few thousand dollars before recovering slowly for 24 straight months. And he sees the breaking of the bonds market as it tries to rally for a depressed economy. Eventually, it will collapse and it will take the equities market down with it.
This is some seriously bad economic news and it comes from a former Silicon Valley man. Shervin Pishevar was one of the early investors in Uber and he was the former head of Sherpa Capital. He knows this economy and its pitfalls so we may want to pay attention.