Business, Businessman, CEO, Financial Expert

Shervin Pishevar gives his views on US economy in a 24 hours tweetstorm

Shervin Pishevar is a business mogul in the United States, and one of the tech entrepreneurs who has supported the growth of the tech industry in the country for many years. He plays his role as a venture capitalist and an angel investor. He has backed many startups in the Silicon Valley, and some have developed into unicorns in less than a decade. One of the startups he is proud to have supported is Uber.

After many years in the business sector, he has developed enough experience to analyze the economy and know how it will perform in the future. Right now, Shervin Pishevar is not convinced that there is enough that is being done to ensure that the economy continues with growth trend. In fact, he has pointed out that he expects the economy to deteriorate in the future. He has observed that every economic indicator is pointing to hard times in the future. The stock market is crashing, inflation has kicked in, and all asset classes are overvalued. When assets are overvalued, it means that there is no way investors can transfer their assets to other markets.

Shervin Pishevar engaged in a 24 hours tweet storm where he posted his views on many issues related to finance. One of his tweets indicated that the economy would continue to suffer because the cheap money era has ended. Some of the measures that the Federal Reserve used to apply in the past such as pumping more money into the economy have surpassed their usefulness.

Another issue he posted about is the reaction of bitcoin and gold to the deteriorating economic conditions. Shervin Pishevar has indicated that gold will gain value as investors rush for the haven due to inflation. On bitcoin, he has suggested that the cryptocurrency will have an incline in the future but after plummeting to the $2-5k range. He has however supported the idea of digital currencies since they will make the market friction-less due to the elimination of government interference. Shervin Pishevar believes that only drastic measures can save the economy from decline. Almost every indicator shows hard times for the economy in the future.

https://www.youtube.com/watch?v=geCtCov15g4