On February 5, 2018, Shervin Pishevar drew Twitter attention via a 21-hour tweet storm. During his tear, he mentioned several subjects related to the world’s economy in the wake of February’s bumpy beginning for the stock market. He started by forecasting a cumulative drop in the Dow Jones Industrial Average that would exceed 20 percent of its record closing score on January 24, 2018, which was 26,252.12 points. “I expect a 6,000-point drop in aggregate in the months ahead,” he wrote.
A longtime venture capitalist, Shervin Pishevar also used his knowledge of investing’s history to guide his forecast. He predicted that the coming months could significantly damage some investors’ managed wealth. “Whenever the market tanks, a major CTA/managed future fund gets taken out,” said Pishevar.
An immigrant to the United States, he also explained that America no longer holds a competitive advantage in high tech. Nine years prior to his tweet storm. Shervin Pishevar wrote in an essay, “The American Way has become the Global Way.” In 2018, he reiterated that point on Twitter, “As I’ve said before, Silicon Valley is no longer a physical place but an idea that’s gone viral.”
He also talked about the fact that the rest of the developed world’s economy has become frictionless and evolved well beyond the United States’. For an example, he pointed to a Chinese train station recently built by a 1,500-person team in only nine hours. “Meanwhile, our infrastructure is in tatters,” he tweeted. See This Page for more information
Further, he talked of economic changes leaders should expect as cryptocurrencies like Bitcoin spawn and evolve. He warned of a 1,000-year shift and said, “That shift has to do with a revolution in stateless digital currencies unleashed across the globe over the next couple decades.”
Via his important tweet storm, Shervin Pishevar sounded an alarm. To continue as a world leader, America’s economic and political leaders must answer.