Shervin Pishevar recently distilled his thoughts on 2018’s economy into 50 tweets posted over 21 hours. Anyone interested in America’s economic future should consider his tweet storm’s highlights.
A Dow Drop
Pishevar’s impetus to tweet on February 5 and 6 was the early-month’s roller-coaster stock market sessions. In the storm’s first tweet, he wrote, “I expect a 6000-point drop in aggregate in the months ahead.” That drop would consume more than 20 percent of the Dow Jones Industrial Average’s record close of 26,252.12 points, which it hit in January 2018.
A sage venture capitalist, Shervin Pishevar saw multiple culprits. “Rising interest rates, increasing credit account deficits and tax giveaways without matching service cuts lead to a descent into panic,” he stated.
A Potential Recession
Pishevar also warned of a long trough in the U.S. economy that could be caused by the stock market’s volatility indices. “Such financial instruments’ sole purpose is loopholes to risk-taking for institutions to uncontrolled leverage,” wrote Pishevar. He then stated that similar conditions caused 2008’s Great Recession. Go To This Page for more information.
A Competitive-Edge Loss
Reiterating remarks he had made in an essay published in 2009, Shervin Pishevar tweeted, “Silicon Valley is no longer a physical place but an idea that’s gone viral.” Also, he commented that modern tech created entrepreneurs who are not restricted by borders.
An Astonishing Feat Abroad
Pishevar additionally compared the infrastructures of two superpowers.
Shervin Pishevar shared a news story from early 2018 that detailed the nine-hour construction of a large train in China. “Meanwhile, our infrastructure is in tatters,” he continued.
A Looming Shift
Next, Pishevar forecast a once-in-many-lifetimes shift that cryptocurrencies like Bitcoin will produce. He called the shift “a revolution in stateless digital currencies unleashed across the globe over the next couple decades.”
A Few Monopolies Crushing Upstarts
Pishevar also decried U.S. policies that have created modern Ma Bells, which are Alphabet, Amazon, Apple, Facebook and Microsoft. He lamented, “Just like Ma Bell, these 5 giants have too much power and are stifling startups.”
The U.S. can likely right its long-term economic ship. Heeding Shervin Pishevar’s tweets would be a good start!