Shervin Pishevar is a super angel investor, entrepreneur, and venture capitalist. He is known for his investment and finance experience. Mr. Pishevar is the co-founder of Virgin Hyperloop One and Investment company. He is also the former managing director of Investment company. In February, Mr. Pishevar started a 21-hour tweet storm that consisted of 50 tweets that were regarding the future of the stock market in the United States, government bonds, Silicon Valley, and the five major monopolies in the United States. Although some of his predictions were pessimistic, they should be taken seriously.
Virgin Hyperloop One has hired on one of the world’s most experienced transit executives as its new CEO https://t.co/XEydwBJaCv
— Business Insider (@businessinsider) November 8, 2018
According to Mr. Pishevar, Alphabet, Amazon, Microsoft, Google, and Apple are monopolies in the United States. He stated these companies will cause the economy in the United States to fail because of their actions, which include buying out more startup businesses and small businesses. He also stated that the American system was at fault for ignoring the actions of these monopolies.
In regards to Silicon Valley, Shervin Pishevar explained that the United States no longer has exclusivity. The venture capitalist stated that United States is no longer the monopoly of ideas, talent, and entrepreneurial drive, and that innovations in technology are now expanding all over the world, which isn’t a positive sign for the short-term economic growth of the United States.
The Future of Government Bonds
When the stock market was unstable in the past, central banks would use government bonds to establish quantitative easing. According to Shervin Pishevar, this approach is no longer effective because it has been used too often in the past.
The Outcome of the Stock Market for 2018
When Shervin Pishevar started his 21-hour tweet storm, the stock market was turbulent. According to Mr. Pishevar, the causes of the unstable stock market include tax giveaways, high interest rates, and problems with credit accounts. In addition, he predicted that the stock market will continue to fall and lose more than 6,000 points in 2018.