It seems like Shervin Pishevar has a knack for predicting the future. That is what he did back in 2008 when he anticipated that Facebook would have an eventual identity crisis. Because of his correct anticipations and because of his extensive experience, many on Twitter were concerned when he posted some grim predictions about the future of the United States and its economy. He feels that the financial system lies teetering on near destruction. He sent out 50 tweets in just 21 hours anticipating a dark future for the US economy.
Shervin Pishevar is particularly well-known in the Silicon Valley area. He has seeded more than 60 companies as an angel investor. He has started a few companies and venture capital funds, including Investment company. Before sending out those 50 tweets in early February 2018, he had not been heard from on Twitter since he announced his resignation from that venture capital fund in December 2017. In addition to his experience as an entrepreneur, angel investor, and venture capitalist, Shervin Pishevar was given an Ellis Island Medal of Honor back in 2016. He has received other awards and has been recognized for the work he has done.
Shervin Pishevar specifically mentioned that the stock market was going to go down in the months ahead. He said it would go down by an aggregate 6,000 points. Within a very short time from sending out that prediction, the Dow dropped 300 points. This slippage is definitely something to be concerned about. However, Shervin Pishevar’s concerns appear to be broader than just that steep decline. Throughout the twitter rant, he touched on a variety of challenges that the United States is facing, including challenges within nationalism, politics, and even cultural trends.
One of the particularly ominous predictions that Shervin Pishevar makes has to do with the United States’ five big unicorns. He predicts that Alphabet, Amazon, Apple, Google, and Microsoft will lose their influence and possibly completely fall. He refers to them as being built on a monopoly framework and says that they should fall because that is how evolution works. They buy out smaller startup companies, which is bad for economic growth in the US.
Shervin Pishevar sent out a Twitter rant in December that spelled out his predictions for the financial markets of the United States and the global economy. Pishevar is a knowledgeable investor who buys companies like Uber, Slack, and Postmates.
One area that Pishevar sees drying up is the Silicon Valley. The Valley used to absorb new fresh thinkers and gobble up innovation, but those days will soon be just a memory if Pishevar’s predictions come to fruition.
There are five not big but massive companies that will begin to fail: Google, Microsoft, Apple, Amazon, and Alphabet. His exact tweet, “Unicorns are becoming increasingly hungry.” Referring to the fact that these companies have the ability to buy new emerging businesses before they ever take off. This buying style will ultimately break the system.
Not only does Shervin Pishevar tweets predict large corporations failing but also significant managed funds. Two possible candidates might be Managed Future Funds and Volatility Indices. An event like this is unprecedented and unimaginable.
The US stock market will fall. It will plummet to depths that erase all of the profits from 2017. The declines have already wiped out the 2018 gains. Government bonds are not the protected asset they use to be. Bond power is not without boundaries. Gone are the days when the central bank could adjust the financial world by purchasing bonds. Pishevar goes on to state that this so-called “tool” will become useless.
Another tweet stated, “Inflation has been exported.” The United States’ financial markets are intertwined with the international economy. There is no getting around that fact. He believes that America has passed inflation outside of her borders, and with the current political atmosphere, world trade is unstable, at best.
In a separate Twitter sound off, Shervin Pishevar described how building barriers to keep out people might be pointless because talented and skilled people do not need to come to the United States anymore. Other economies, such as China, prove they are competitors when they build a transportation station in nine hours. Shervin Pishevar left us with many things to think about.