The global economy is under siege. Trump’s proposed tariffs will create a trade war no one wants. If the trade war gets real, there’s a solid chance a global recession will be one of the by-products. Shervin Pishevar, the Silicon Valley investor, knows how fragile the global economy is. He went on a Twitter rant recently to let people know economic rain clouds are forming, and there’s going to be some serious damage from that economic rain.
Shervin Pishevar is a savvy investor. He is usually one of the first investors to spot startups that have revenue-producing potential. He invested in Uber before it went mainstream. And he invested in Warby Parker, Hyperloop One, Postmates, and other startups that are big moneymakers now. Pishevar left Investment company, the company he founded, at the end of 2017. Shervin Pishevar disappeared for a few months, but he’s back, and he has a lot to say on Twitter. One of his tweets throws Amazon, Microsoft, and Apple under the economic bus. Pishevar thinks those companies are too big and too powerful.
The stock market is riding high in 2018, but Shervin Pishevar thinks the market is going to drop by 5,000 points or more sooner than later. Plus, he thinks the bond market won’t be the safe-haven it usually is when stock prices drop. Some economists believe Shervin Pishevar is right when he tweeted the demise of some of the big hedge funds. Most of the top investors like George Soros and Warren Buffett know a recession is a real possibility. Trump’s economic policy will fuel that recession, according to another Shervin Pishevar tweet.
Pishevar is trying to let people know the United States is facing a dim economic future. Shervin knows 4.1 percent economic growth in the second quarter of 2018 is not a measuring stick for the health of America’s economy. That rate of growth is well behind India’s and China’s GDP growth. Pishevar isn’t crying wolf on Twitter because he wants attention. He is letting people know the world’s economy is heading for an adjustment.