Shervin Pishevar is an Iranian-American investment capitalist who has often issued predictions of future financial importance. In 2008, he predicted the current issues that are facing Facebook and other social media giants. In February of this year, Shervin Pishevar went on a 51-tweet rant that lasted nearly 24 hours. One of his major concerns was the lack of national concern over the coming crash of the American economy.
Shervin Pishevar predicts that the first symptoms of the crash will show themselves in the stock market. Though his prediction of a 6,000 point drop has not materialized, there is ample evidence—and a general feeling—that the economy is on a bubble where stocks in companies are overvalued.
The stock market is called “the game” for a reason. There is only one type of stock purchase, called an Initial Offer (IO), that benefits the business on which it is written. All other stock purchases go toward the seller that holds the stock. To buy low and sell high is the simplest example of how to make a profit off the stock market. Your predictions matter in “the game.” One wrong prediction can wipe out years of personal gains.
Later in his tweet-storm, Shervin Pishevar mentions the giveaway tax structure that benefits the top level of taxpayers and punishes the rest. He is correct in citing the expanded use by the government of purchasing its own bonds as no longer being an effective method of economic stabilization. With a national debt over $20 trillion and steadily rising by a trillion per year, the nation can no longer afford to bail out the markets when trouble comes knocking. Taxes that should have been raised during a burgeoning economy to pay back the harmful debt have, instead, been lowered for political purposes.
Whether or not Shervin Pishevar’s vision of the future is correct; there is no doubt that the American economy has deep fissures that need to be addressed. As he points out, America is far behind the rest of the world in the development of small businesses and infrastructure stability, both physical and virtual. Concentrating on solving these ills may go a long way toward rebuilding trust in the American economy.