Shervin Pishevar, the founder of Sherpa Capital, and a renowned investor in the financial industry has been oozing with knowledge, power, and conviction through a 21-hour twitter rant. He looked as if he was possessed when he was jumping from one topic to another addressing critical issues in the country. The Uber investor, who had to resign from his position as the director of Sherpa Capital after being accused of sexual harassment including rape paid significant attention to the management of country’s inflation through various strategies that are not delivering the expected results.
Shervin Pishevar notes that the sudden rise in prices of goods and services has for an extended period been attributed to the importation of goods and services from other countries. The products we import have been produced at a higher cost leading to the increased selling price to the consumers, who happen to be Americans. According to the venture capitalist, this notion has been wrong for a more extended period. According to Shervin Pishevar, inflation never manifests itself in the economy in a vivid manner such that one can easily detect what type of increase the country is experiencing.
In this tweet, Shervin Pishevar seems to take a swipe to the United States administration who have been alluding that the inflation in the country has been imported and have gone further to implement policies that hurt trade between nations. For example, the current administration has been abolishing trade deals with particular countries while at the same time entering into other trade deals with different countries or the same countries but the trade terms have been renegotiated. This is a wrong method of solving something that manifests itself in a way that common individual cannot understand.
Shervin Pishevar notes that he does not have faith in the current trade policies. He does not think that they will have any impact on the inflation tendencies experienced not only in America but as well in other countries. The investment leader notes that the current administration should not be accusing the trade policies of causing inflation tendencies in the United States because America has been exporting inflation to other countries for an extended period.