Predicting the future of the US economy seems to be something that Shervin Pishevar has a knack for. Back in 2008, he anticipated that Facebook would go through a crisis, and it did. In early February 2018, Shervin Pishevar made some ominous predictions regarding the US economy. This was after the stock market experienced one of the most dramatic drops it has seen in recent years. He said that it will continue to go down by at least another 6,000 points in coming months.
So what does he feel is responsible for this downturn? He made 50 different points in a 21 hour tweet storm. He says there are a couple of main culprits that will be responsible for future stockmarket slippage, including increasing interest rates and credit account deficits as well as tax giveaways.
Shervin Pishevar mentioned that financial and government institutions are facing a reckoning of irrelevance. He says that this has to do with the revolution in stateless digital currencies. He describes currency as the ultimate app.
The overall message in the 50 tweets sent out by Shervin Pishevar acknowledge that there are unstable conditions in the United States. He talks about inflation spreading and the stock market crashing. He also talks about underemployment and refers to it as a “systemic economic stasis.” In times past, Shervin Pishevar has used Twitter to talk about his views of the US economy and ways that it can be fixed. He has fought for a more transparent and open society. He wants a society without the bottlenecks on innovation and without the volatility that currently exists.
One option that the government uses when the stock market takes a dramatic downward turn is quantitative easing. It is a method that uses banks to buy bonds. Shervin Pishevar mentioned that they have worked in the past, but they are not a tool that will always work again in the future. He tells Americans to not be fooled when the government uses them again. He feels that an economic disaster can lead to a new type of economy that has more equal opportunities.