On Tuesday, February 6, 2018, Shervin Pishevar took to Twitter to offer his fiscal predictions for the coming year. His very first tweet sets the tone for all the tweets that follow with a dismal outlook on the future of the American stock market. He states that he expects a 6000 point drop in aggregate in the months ahead before going on to call a “financial storm” that will be heralded by drastic increases in the national debt. This storm is also said by Shervin Pishevar to include tax cuts for the wealthy that are not offset by a decrease in spending as well as increasing interest rates.
He goes on to tweet that the market has given up all the gains of 2018 and will continue to give up all the gains that were made in 2017. In that first tweet, he seems to be suggesting that stocks and bonds are currently overvalued and we can all expect to see a continuous downward trend until the market is able to find a bottom. In a separate tweet from the first, he suggests that this is true for all assets so simply moving money from one investment to another will not be good enough to prevent losses. This leads into another prediction that efforts to fight this by the Federal government will prove to be ineffective. Shervin Pishevar expresses his belief that introducing new money into this system has been done too often and therefore will be of no use in the near future.
Later in his tweets, he offers an interesting take on Bitcoin. While some investors feel that the crypto bubble has completely burst, Shervin Pishevar predicts that it will only crash as low as 2k before bottoming out and rising back up to previous heights. After these Fiscal oriented tweets, Shervin Pishevar explains that Silicon Valley will begin to decline as a center for start-ups as tech giants cement a monopoly in the market.