Shervin Pishevar is a leading entrepreneur in the United States. He is the brains behind the success of the Uber idea. He has supported the growth of many other startups, mainly those brewed in Silicon Valley. Through his initiatives as a business leader, he has learned so much about the American economy that he is in a better position to talk about it than any other person. As a venture capitalist and a leader in business management, he has been exposed to so many conditions affecting the economy that he can tell when the economy is doing well or not.
Everything I said in Feb 2018:
“A panoply of concerns — like rising interest rates, uncertainty over the impact of the trade war with China and worries that the nearly 10-year bull market may be ending — set off a binge of selling.”
— Shervin Pishevar (@shervin) October 25, 2018
Shervin Pishevar is not a man who can keep quiet when there is a matter of national interest going on in his area of specialization. At the beginning of the year, he went on Twitter and engaged in a tweet storm that lasted over 21 hours. In the twitter outburst, he said a lot about the American economy and other topics related to finance and economics. He used the platform to talk a lot about his views on the topics. He started by saying that the American economy will perform poorly in the future. He started by pointing out the decline in the stock market. In one of his tweets, he said that he expects the stock market to drop by over 6,000 points. The drop had already started at the time he was tweeting, and all the gains made at the beginning of the year reversed.
Shervin Pishevar says that the financial storm can be seen from the indicators that the economy is already showing. Increase in national debt, interest rates and tax giveaways approved by the Senate are some of the reasons why he can tell the economy is hanging on the balance with a possible decline any time soon. Currently, the US national debt is about $20 trillion.
In another prediction, Shervin Pishevar indicated that bitcoin would suffer losses in 2018. In his prediction, the prices will first go all the way up, but not before there is a decline to the $2-5k level. This is one of the predictions that has turned out very correct. Bitcoin lost massively at the beginning of the year.