Shervin Pishevar is not known to mince words. However, he had remained relatively quiet since resigning from Investment company in December 2017. That all changed recently when he posted multiple messages on Twitter over a span of 21 hours. During his tweet storm, he made a variety of predictions about where he saw the economy going.
Most Markets Will Experience Extreme Volatility
Last night a thick, somber fog enveloped NYC-it lingered all morning. Thinking of that day when evil terrorists tried to inflict as much terror with their impotent rage. They never imagined unique resilience of our American spirit. Never forget. Thankful for all first responders.
— Shervin Pishevar (@shervin) September 11, 2018
One of his most significant predictions was that the stock market was going to drop 6,000 points in the coming months. This may be related to his prediction that there will be increased volatility in bond markets, which will then carry over to other markets such as the S&P 500 and Dow Jones. Furthermore, he said that the recent Bitcoin crash was not over and the currency had not yet found a bottom.
Larger Companies Will Have Greater Power in the Future
During his Twitter diatribe, Shervin Pishevar mentioned that larger companies will ave immense power over the American economy going forward. This is partially because he believes that there are a lack of American startups. He also said that California has lost its dominance when it comes to innovation and culture in the tech field. To be more blunt, Shervin Pishevar said that he believed Silicon Valley to be dead.
The United States Will Lose to China in the Long Run
Shervin Pishevar is far from the only person to believe that China will eventually overtake the United States when it comes to being a world superpower. Depending on how the criteria used to determine a country’s productivity, China has already surpassed the United States as the largest economy in the world. Specifically, he believes that it will have a superior infrastructure as opposed to the United States. However, the Twitter rant also mentioned that Elon Musk will be largely immune from the problems caused by a lack of roads, trains and buses.