Shervin Pishevar is not a name we have heard much of in 2018, but he has resurfaced with a tongue lashing ready for anyone who is present on Twitter. The entrepreneur who has associations with the Dollar Shave Club, Uber. Pishevar blew up the Twitterverse with more than twenty messages predicting what will become of the American stock market and how the world will change if we do not get competitive with China in Tweets in early February 2018.
One of the posts that held the most significance was one saying that the U.S. stock market would tumble at least five thousand points before slowly regaining ground. He also said that he felt that bitcoin would drop by more than half and then make a crawl back to normal. He attributes a higher interest rate, tax cuts, corporate breaks, and overseas competition as the primary reasons for the upheaval.
Bonds will not work anymore claims Shervin Pishevar. He says that even though these financial tools are effective, America has used these items too many times for them to hold any worth now. He feels that this situation will be like throwing buckets of water on a five-alarm fire. He kept tweeting and downing the interest rate changes saying that we are giving the world an financial problem. He feels that the issues will also extend to a major up and comer in the financial sector too causing the downfall of a good firm.
Shervin Pishevar says that the giant computer megalopolis has fallen and five giants have emerged including Amazon and Facebook. He says that “Silicon Valley” is more of an idea now instead of a physical location. He points out an example of how China is building transportation areas quickly, some in less than a day. Shervin Pishevar does point out a good thing about starter firms like SpaceX saying that they will come forward and excel. He even says that with a pitfall comes new glory and that the U.S. will bounce back, but to mark his words that tough days are coming for America.