Shervin Pishevar is a venture capitalist who has made significant to the growth of the American economy. It is for this reason that he does not keep quite whenever he sees the economy going in the right direction. He has made successful investments because the economy has been performing well and now he is worried that unless something is done, a financial crisis similar to the one witnessed in 2009 will be seen. In his analysis, the economy has shown all indicators of a crisis. He blames the increasing national debt, tax giveaways and inflation as some of the factors that will contribute to the financial crisis.
Shervin Pishevar revealed his thoughts about the finance sector and other matters facing the economy in a tweet storm unleashed in early 2018. He predicted that the stock market would continue losing until more than 6000 points were lost. Since the performance of the economy is directly proportional to the performance of the stock market, it is clear that a financial crisis is unavoidable.
Shervin Pishevar also discussed other issues such as the Silicon Valley and the crash of bitcoin. Pishevar predicted that bitcoin would lose its value until the prices dropped to the $2-5k. He also made a prediction that gold would gain in coming months owing to its consideration as a haven by investors.
Shervin Pishevar took issue with five companies which he treats as monopolies. These are companies that have dominated the US economy and pose a great risk to the country in case they fall. These companies are Alphabet, Amazon, Apple, Facebook, and Microsoft. These companies have made it impossible for other companies to thrive since they are buying out almost every great idea. Shervin Pishevar sees them as a danger to the economy since they do not allow other companies to thrive. Shervin recommends a split up through government intervention as the solution. The same solution that was identified for AT&T should also be applied to deal with these companies.
The tweet storm also revealed that the actions of these companies pose a risk to Silicon Valley since no new great idea will be implemented soon.