When it comes to predicting how the U.S. economy will fare in the months ahead, there are many people who offer opinions. From leading economists to pundits in the media, there are a variety of opinions for people to ponder. However, when certain business executives speak of the changes they see ahead, many people often sit up and take notice. In the case of well-known businessman Shervin Pishevar, one of the early investors in the world-renown transportation company Uber, the recent predictions he made during the course of a 21-hour Twitter event have many people wondering how the national and world economy will look in the coming months.
Starting with the U.S. stock market, Shervin Pishevar is predicting a steep drop in the market, which he believes will come as a result of a bond market full of volatility. Believing the market could drop by as much as 6,000 points, he definitely sees a bubble that is ready to burst. However, despite the steep drop he forecasts for the stock market, he also believes gold prices will begin a rapid ascent, which may alleviate some of the losses investors bear.
Along with problems in the stock market, Shervin Pishevar also urges investors and others to take a much closer look at the recent performance of the many companies that comprise Silicon Valley. While still very strong in the world technology market, he feels these companies have dropped the ball when it comes to maintaining their leadership role around the world. A strong believer that China has used its strong work ethic to surpass Silicon Valley in terms of innovation, marketing, and business strategy, Shervin Pishevar states that Silicon Valley needs to reexamine itself in numerous ways, or risk being left behind by China and many emerging nations in Africa.
While it’s never easy to say how economic issues will play out in the U.S. and around the world, it is clear that Shervin Pishevar has very strong opinions regarding many matters. In the coming months and years, it will be fascinating to see how many of his predictions come true.