Shervin Pishevar is known for his straight to the point phrases on Twitter. Following over a month of silence, he took to the platform to share his fears regarding the decline of the US economy. He engages his followers on topics such as technology, globalization, inflation, digital currency, and many others in his 50 tweets storm.
He talks about cryptocurrency as the main factor that promotes global investments by entrepreneurs. However, he says that Bitcoin is going to experience a fall in value for months before settling at $2,000-$5,000. Nonetheless, he predicts that its value is going to rise again.
He talks out about globalization and explains how it has led to issues such as the spread of inflation. Shervin Pishevar faults the US administration arguing that the policymakers invest more on making physical and cultural barriers, which have become a weakness for the statesmen. He takes interest in the tech innovations of countries like China that might surpass America someday. This is where he disputes claims that the Silicon Valley is still a physical place in California. He gives an example of China’s infrastructural prowess and reveals how the nation is leading in technological development. Pishevar maintains that unless the US changes its perception about growth and comes up with strategies that are more effective, it will struggle to remain as the leader of technology.
Shervin predicts that the stock market will decrease with 6,000 point, which is bound to affect the 2017 and 2018 gains significantly. Pishevar observes that investors are soon going to notice that assets are overpriced, which will affect the returns of businesses.
While expensive money has been introduced into the market, inflation keeps on being spread. In turn, Shervin Pishevar predicts that the stock market will keep on crashing while underemployment increases due to the systemic economic factors. His statements are not to be ignored considering the rise in the number of stocks being dumped globally.
While Shervin Pishevar kept his financial predictions rolling in the 50 tweets, he also took a dig at the big five monopolies that include Apple, Amazon, Alphabet, Microsoft, and Google. He argues that these monopolies will retain control for a while before beginning to fall one by one. They will in turn give way to unique startups that he calls moonshots like SpaceX.