The Future According to Shervin Pishevar
Since leaving the company he founded, Investment company, Shervin Pishevar has been silent and reclusive, then he suddenly logged into Twitter, and created a storm. One after another self-numbered tweets took the world by storm with more than 50 tweets over 21 hours predicting the future. He forecasts a substantial downturn in the U.S. economy, including:
* A drop in the value of bitcoins to under $5,000 before bottoming out and slowly climbing;
* The unpredictable volatility in both the stock market and the bond market creating major disturbances in our national economy;
* The economy of the United States being passed up by more tightly controlled economies like that of China.
Tristan Walker announces acquisition by Procter & Gamble, will remain as CEO and move company to Atlanta https://t.co/c7pw5uQfP1
— Fast Company (@FastCompany) December 12, 2018
Shervin Pishevar referred to the big five US monopolies: Alphabet, Amazon, Apple, Facebook, and Microsoft as having the power and influence of nationalities, “destroying one startup after another,” and predicted that they would be broken apart like Ma Bell. Pishevar believes that the “near future economic disaster” may result in far future economic revamp and a new, leaner, and more competitive economy.
Within the tweets sent out, he explained his conclusions. Shervin Pishevar also explained that the United States has a long history of exporting inflation and there are few places left still able to accept it. He referred to a worldwide “tectonic shift,” spreading the twin spirits of innovation and entrepreneurship from within the United States outward.
An early investor in companies like Uber, Dollar Shave Club, Postmates, Slack, and Warby Parker, Shervin Pishevar now predicts the general decline of the American economy, but with pronounced side effects. He sees “Yankee ingenuity” as no longer belonging to America but being out number 1 export. According to Shervin Pishevar, American immigration policies are keeping out talent, while the internet allows talented entrepreneurs to raise funds, recruit talent, and “grow in place, feeding the economies around them.”