Tag Archives: Entrepreneur

Shervin Pishevar’s prediction of the future

Shervin Pishevar is a peculiar investor. He does not just sit around watching numbers all day. He is interested in matters affecting the country’s economy and the world’s at large. In general, he is a chatty investor. In 2008 for instance, he realized that Facebook would soon have an identity crisis. Instead of quietly watching as the situation unfolded. He published an article. True to his word, Facebook did face an identity crisis.

This year, Shervin Pishevar foresees a grim future for the US economy. The investor who had kept a low profile since December posted 50 messages on twitter explaining why he thought the US economy will experience a 6000 point decline. Here are some of the predictions he made:

Bonds are volatile

The government has always used bonds to correct the market. Though useful in easing market strains, it will not be useful anymore because the government has used it too often and every tool has its limits.

Silicon Valley has gone global

Silicon Valley was once the hub of tech inventions. Today, Silicon Valley is not a place, it is an idea gone global. Everyone across the globe is great ideas and inventions. While this is not a bad thing for the global economy, Shervin Pishevar argues that it is not good for the country’s economy. Since the US has lost exclusivity on ideas and talent, the economy can no longer bank on these as a stronghold.

US will lose to countries that capitalize on speed in execution

Recently, as a demonstration that they have speed of execution, China built a railway station in 9 hours. On the other hand, The US government and companies are stuck in short term thinking. This has resulted in the decay of infrastructure.

Big companies will continue to hold on to too much power

Silicon valley’s big five: Alphabet, Amazon, Apple, Facebook, Microsoft hold on to too much power. As a result, they are stifling start-ups. For years, the trend has been acquisition. Big companies simply buy out their competitions.

Other than the grim forecasts, Shervin Pishevar also foresees the birth of a new type of economy. His tweets seem to suggest that impending economic disaster will make was for a new borderless and classless economy.

http://nymag.com/selectall/2016/10/the-kink-in-elon-musks-hyperloop.html