Shervin Pishevar is one of the most well-known venture capitalists in the Silicon Valley area. He has been a significant driving force behind businesses in the tech sector. He has helped to establish a couple of different businesses, including Sherpa Capital. He has worked on projects that include investing in companies like Uber, Airbnb, Munchery, and WebOS.
On February 5, 2018, he took to Twitter to express some of his concerns regarding the economic situation in the United States. He touched on many topics in this tweet rant that spanned over 20 hours. He focused mainly on the expanding debt in the United States and the fact that the debt markets are becoming overheated. He warned that assets in all classes are overvalued and that no safe place would be found to hide.
Shervin Pishevar had not been on twitter since he announced his resignation from Sherpa Capital in December 2017. He started this tweet storm in reaction to the stock market taking a dramatic dive. He feels that the market will continue to drop over the next year by 6,000 aggregate points.
He pointed out that large corporations have been on a borrowing binge across the country. They are gorging themselves with buybacks of their own stock and have left equity markets in the highest inflation-adjusted state they have ever been in. He said that inflation is dead.
So what should investors expect in light of Shervin Pishevar’s predictions? They are left with very few options. Shervin Pishevar feels that even the real estate market has high valuations. The true value of a home is basically what the bank will lend to a person interested in buying it.
Another point that Shervin Pishevar mentioned is that Bitcoin will drop but will swiftly rise again.
Shervin Pishevar has fought in the past for a society that is more open and transparent. He took to quit twitter again to express these same ideas in early February 2018. When society does not have the same bottlenecks on innovation and the same volatility, it can thrive. He feels that improvements need to be made in politics, nationalism, and cultural trends.