Twitter is a social media outlet that Shervin Pishevar has used in the past to express his thoughts on leadership, the US economy, and much more. In early February 2018, he let loose a tweet storm that included 50 points on why the stock market was going to see serious slippage and why the US economy is in big trouble.
Before this Twitter storm, the last time Shervin Pishevar used Twitter was in December when he announced that he would be re-signing from Investment company. This is a venture capital fund that he helped to co-found and is known for investing in big companies like Munchery, Airbnb, and Uber. He also served as a strategic advisor and as a board advisor for Uber between the years 2011 and 2015. He is a philanthropist, venture capitalist, super angel investor, and entrepreneur. Additionally, he has been recognized for his work and has been used by the US government. For example, he has served as an entrepreneurial ambassador in State Department delegations.
This whole Twitter storm started after the stock market experienced a significant drop on February 5, 2018. While his Twitter account was dry for a while, it is obvious from the 50 points made in this tweet storm that the axles of Shervin Pishevar’s mind were still turning. That drop was significant, but what Shervin Pishevar felt was even more important was the fact that slippage would continue to be seen in the coming months. Gains from 2018 are already forgone, but the gains from 2017 may soon be gone too. What is responsible for this? Shervin Pishevar points out that tax giveaways, rising interest rates, and increasing credit account deficits are partially to blame.
Quantitative easing is a tool the government has used in times past to correct the stock market after it has experienced a significant drop. Shervin Pishevar mentioned that people should expect to see hints of QE4 from leaders if the market did not stabilize. This is a tool that has been used in the past to reset the market. However, he feels that it cannot always be relied on and that people should not be fooled by it.