It has quite some time since Shervin Pishevar went online with his popularized 21 hour tweet storm. During the Twitter conversation, he engaged his followers on a number of issues that relate to the country’s economy. Considering that he is someone who has been successful with a variety of investments, we have to go back in time and find out what he said during those tweets. This early Uber investor is known to air his opinion candidly whenever he sees something wrong with the finances. Here is a look at what he said would happen in the following months.
What he said about the stocks and the financial situation
When Shervin Pishevar looked at the stocks at that time, he noticed that they were performing badly. He also observed that there were little indicators of an immediate revival. In his analysis, he concluded that this pints to tough times ahead. He was projecting that the stocks would continue on the downward trend, and this is the situation that led to the 2018 financial crisis. His observation was that the stocks were plummeting because of poor practices in the financial sector including inflated interest rates and poor credit handling techniques.
Shervin Pishevar had two warnings to the government and the citizens. The first one was that this time, reliance on government bonds would not save the situation. His observation was that it was a traditional option that had been exhausted. The second warning was that Americans should drop the notion that when it comes to talents, they hold a monopoly. He warned Silicon Valley that other countries had been developing steadily and so, there is nothing like monopoly. Shervin Pishevar said that he believes the best way to get the country out of this situation is by getting government agencies to come up with new policies that determine how finances are managed.