After a long silence, Shervin Pishevar broke his quiet with 21-hours Tweet predictions of fifty messages touching on different issues affecting the United States’ economy. His silence has been from December 2017 after he announced resignation from Investment company. Shervin Pishevar is known for his thought –leadership besides being an entrepreneur, venture capitalist, and super angel investor whose investment runs in companies like Dollar Shave Club, Uber, Slack, and Warby Parker.
Summarily, Pishevar’s 21 Hour Tweet Storm Predictions may seem pessimistic, but given his earlier prediction on Facebook, the sentiments may hold water. Pishevar dwelt with the following primary issues:
The U.S. stock market has been having a crushing blow from beginning the February of 2018. According to Shervin Pishevar, the stock market will not recover soon. He predicted that the market might fall for a total of 6000 points or more in the coming few months of 2018.
Pishevar picked an issue with government bonds. In his assessment, the central bank use of the bond to recorrect the market may not be sufficient. The quantitative easing method has been in use for a very long time, hence losing its effectiveness. Shervin Pishevar finds government bonds as not limitless in their power.
Pishevar finds America to have lost exclusivity in Silicon Valley. He argued that it was not a good sign, more so to any form of short-term domestic economic growth. Shervin Pishevar admits that technological innovation is currently spread globally and the lack of monopoly of entrepreneurial spirit, talent and idea is and will affect the American economy.
Pishevar sees the system’s collective blind eye to the Unicorns (Alphabet, Amazon, Apple, Google, and Microsoft) will finally fail the economy. In his view, the Unicorns form a monopoly buying all other startups which may eliminate competition and creativity coming from many firms in the industry and eventually cause economic failure.
Shervin Pishevar sees inflation as dead. He argues that America has been influencing the global economy, but with the current rise of other economies like China’s, America’s influence on inflation may not be a solution in the future. The U.S. may lose to China even while comparing infrastructure matters.
Pishevar silence comes up with thoughtful ideas that American leaders should consider.