Investors Aren’t Ready For The 2019 Meltdown That Shervin Pishevar Said Would Happen
Former Federal Reserve Chairman Janet Yellen recently told the press an economic slowdown is in the works. Yellen isn’t happy about the interest rate increases new Fed Chairman Jerome Powell put in place. And she’s not happy about Trump’s trade war with China. Yellen also thinks the bull market has left the investment world, and the bear is back on its feet. There’s nowhere to run or hide now that the recession Shervin Pishevar talked about at the beginning of 2018 is on track to hit the United States in 2019.
Shervin Pishevar is one of those Silicon Valley startup investors who picked a couple of startups several years and invested in them. Uber was one of those startups. Airbnb was another. Shervin Pishevar’s startup picks put him in rare company in Silicon Valley. He became an investment rock star. Every startup Pishevar picked turned into investment gold. Shervin formed Sherpa Capital, his own investment company when he hit the hedge fund big time. Investors all over the world followed him on Twitter. They wanted to know what he knew about future investments. But when he went on a 21-hour tweetstorm at the beginning of 2018, they didn’t like what he had to say.
Shervin Pishevar’s 50 tweet tweetstorm painted a bleak investment picture. He told his followers the stock market would give back all its gains in 2018. That happened in December 2018. Pishevar also warned investors that the bond market yields would be unattractive in 2019 and that seems to be the case, according to Janet Yellen. Another Shervin Pishevar tweet threw his friends in Silicon Valley a curveball when he said the Valley may not be the startup capital of the world in 2019.
When Shervin finished his 21-hour tweetstorm, investors thought he lost his investment mojo. They thought he tried to make it sound like he still knew how to predict market trends. But those investors have a different opinion of Shervin Pishevar now that they feel the pain of Trump’s trade war and his foreign economic policies. Pishevar turned the naysayers into believers. The Pishevar predictions make sense now that the Feds see the economic storm on the horizon.
Pull Me Closer: Alex Pall and Interview
In July of 2016, Alex Pall and Andrew Taggart of the Chainsmokers released their soon-to-be hit, “Closer,” with Halsey. In an interview with Interview Magazine Pall and Taggart discussed the infancy of their career, working with Halsey, and their fanbase.
Pall and Taggart met through their new manager. Both having an interest in dance music and DJing, their manager introduced the two, and Taggart notes “it was love at first sight.” They “immediately started working” and “grinding every day… until we hit our stride.”
They both “brought different [things] to the table.” Pall had DJ credentials, and Taggart brought production credits, but they were both realistic about the ideology and life cycle of the music industry insomuch that they “were both very observant about what was going on around [them] and who was killing it and what was working and what wasn’t.” So, the Chainsmokers spent much of the early part of their career “trying to shape an identity around this.”
They comment that they no longer want “make straight-up dance music anymore.” Instead, the Chainsmokers have begun to “blur the lines between indie, pop music, dance music, and hip-hop.”
While the Chainsmokers write alongside songwriters, the lyrics the Chainsmokers sing encapsulate their own stories. Taggart notes of “Closer” that “It’s about hooking up with my ex-girlfriend and, you know, being attracted to her at first and then as soon as we hooked up knowing exactly why I broke up with her.” Sometimes, Pall mentions, it is easier than other times, but “it’s always different, but its always us.”
Working with Halsey on “Closer” was “a huge step in the right director for us.” Pall comments that “she’s incredible,” and “if you had asked us over the last year who was an artist that we wanted to work with, Halsey was number one on that list.” They sing Halsey’s praises, and they comment that “Closer” was an attempt to “write a really unsexy sex song.”
Pall and Taggart feel pretty connected to their fans through social media. They note getting videos of children singing their songs and even their parents, and they enjoy that they “[transcend] age [groups].” They have taken the road by storm, expanding from their “#Selfie” crowd to a larger, international fanbase, and they will continue to“[push] new boundaries and [give] people new experiences.”