Shervin Pishevar does not have many positive things to say about the direction of the U.S. economy in the coming years or this country’s place on the international scene as a major influencer of entrepreneurial and tech trends. Shervin Pishevar gave the public an intense glimpse into his world view through a long list of tweets that he published back in February of this year. The themes of his tweets included the stock market, bitcoin, entrepreneurs, inflation, tech advancements and the rising U.S. deficit. He pulled no punches in addressing all of these topics head on and warned that his readers would see the ramifications of the trends he explained in their own wallets before too long.
— The Verge (@verge) November 8, 2018
According to Shervin Pishevar, there is no getting around the fact that the U.S. stock market is going to take an epic downturn. He said that we could already appreciate corrective forces from the stock market’s early rise in 2018 and that further corrective action was expected from the unsubstantiated rise of the market throughout 2017. In addition to a major market downturn, Shervin Pishevar also expected inflation to rise rapidly. He warned that this will make borrowing money at an affordable rate even more difficult because the Federal Reserve has practically no choice but to raise interest rates in response to uncontrolled inflation. Shervin Pishevar cautioned that it would be a mistake for the Federal Reserve to infuse the economy with new money printed and put into circulation because this would only drive inflation to insurmountable levels in the long term.
The mecca for entrepreneurs and techies that Silicon Valley once was is likely a thing of the past if Shervin Pishevar’s predictions turn out to be true. He explained that there is no longer a need for inventors to be physically gathered in Silicon Valley in order to be around top investors or attract top talent. Inventors from all over the world can start up the newest company without ever having to set foot inside the U.S. This will factor into an overall U.S. economic downturn if his predictions pan out.