Shervin Pishevar is an entrepreneur, capitalist, and a man with unique leadership skills. Given his reputation, his take on the failing US economic system have caused a buzz on the number one social platform, Twitter. In 50 tweets that were posted within 21 hours, he was able to reveal his thoughts about the US financial market across.
— Shervin Pishevar (@shervin) June 26, 2018
Shervin Pishevar uses the chance to cover issues of inflation, bonds, monopolies, immigration, bitcoin, and SpaceX among other factors. He went on to rant about the current administration arguing that it is dedicating too much of its resources to build physical and cultural walls. He worries that the administration has forgotten the innovative nature of countries like China. He specifically points out the moment when China built a train station in just 9 hours as an example.
Shervin Pishevar further predicts that the US financial storm is bound to get worse over the years since a 6,000-point drop should be expected in the next few months. Regarding the bonds, Pishevar says that they are going to get more volatile. This is attributable to the poor methods in place for correcting the market. This is why he recommends the use of quantitative easing to reset the market maintaining that central banks buying the government bonds is not enough.
Shervin Pishevar also says that Bitcoin will keep on crashing and stabilize at $2,000-$5,000.
He attributes all the above negative economic issues to inflation that seems to be spreading. Shervin Pishevar links this trend to the exportation of inflation following the multiple deals made globally.
While he adds that entrepreneurship is “nationless”, he also says that the pride of California in tech innovation has ended. In its place, countries like China have emerged new players in crucial sectors such as infrastructure.
In his words, he feels that the US start-ups do not have an equal chance of succeeding thanks to the strength of bigger companies like Google, Microsoft, Apple, Alphabet, and Amazon. Although such companies enjoy monopolistic powers by buying the competing start-ups, pishevar believes that some startups are likely to come out victorious. He calls such startups the moonshots, and they include SpaceX and Hyperloop.