US Economic Failures and Hopes From Shervin Pishevar

Shervin Pishevar sent out tweets expressing his predictions and thoughts on the future world and US economy. There were many impeding failure discussed and some hope for the future. Shervin Pishevar is a skilled investor who has bought into companies like Uber, Slack, and Warby Parker.

One prediction on the United States front is the fall of Silicon Valley. Shervin Pishevar tweets about how the Valley is losing its appeal with innovative and new thinkers. Not so long ago, it had an exclusive draw to these types of people, but it will no longer be able to compete globally. Countries, such as China, are building train depots in less than a day.

The US stock market took a massive dip, which destroyed any of the gains it made in 2018. Shervin Pishevar sees all of 2017’s profits eroding next. He tweets, “February is not looking too hot.” The reason behind the fall is the giveaways in the tax system, interest rates continually going up, and credit account declines.

Big companies, which Pishevar calls unicorns, are running off a system that will eventually collapse. Apple, Amazon, Google, Microsoft, and Alphabet are more than massive. They all are continually searching for the next big thing, and when they find an emerging company that has got it, they buy them. Shervin Pishevar goes on to declare that these companies have powers that are statelike, but this influence will be their downfall.

Shervin Pishevar sees the future growth of many new entrepreneurship businesses because of digital currency. The money coupled with new ways of accessing funds through crowdfunding will change the face of how startup companies begin. But these little businesses may never get off the ground if the big five continually buy them out.

However, he sees some hope with projects like SpaceX. Another company he specifically mentioned was Virgin Hyperloop. Pishevar is one of the co-founders of this forward-thinking business model. These types of companies are fresh and invigorating to the United States economy, but they have to be able to make it in spite of America’s failing infrastructure.

https://news.vice.com/en_us/article/qvzgj3/shervin-pishevar-hyperloop-one