Shervin Pishevar predicts a drop in the US economy performance
Shervin Pishevar is a successful entrepreneur and uber-investor. He has been unloading his opinion on the future of the American economy in recent times, and he has no good words for investors. In his opinion, the country is on the decline. In a tweet-storm that lasted 21 hours, he posted about other areas of the economy such as cryptocurrencies, globalization and the effect of monopolies in the United States. He posted 50 successive tweets outlining his views on the American economy. He tweeted and explained why he thinks the economy will be on the decline. Each of his tweets argued supporting it. From his experience as an entrepreneur, he is not the type of person who can speak without any facts. After many years of guiding startups in Silicon Valley, he has an in-depth understanding of the American economy. He knows what drives it and what can be done to resolve the challenges it faces.
Shervin Pishevar cannot be ignored as just one man’s opinion. After many years working with startups and owning businesses in the country, he understands better than others what makes a great economy. When he says the economy might be on a decline, he has justifiable reasons to say so. He has nurtured some great startup ideas because he believed the economy of the United States would support them. His contribution to the growth of Silicon Valley cannot be ignored. He has tried as much as possible to nurture ideas which he believes can do well in the country.
Shervin Pishevar started by showing that the drop in the stock market supports the decline in performance of the economy. He said that he expects a 6,000 points drop in the market in months, at the time of tweeting, the market had lost all the gains made at the beginning of the year, and was on track to lose the gains of 2017. The performance of the stock market is directly proportional to economic growth since it shows the performance of the main businesses in the country. Shervin Pishevar expects the drop in the stock market to be followed up by an increase in interest rates, national debt and inflation.