The founder of Sharper Capital, Shervin Pishevar, has been expressing his views on several aspects concerning the current status of the economy and technology in the United States. He is a highly opinioned person who has knowledge and experience on what he says. This is because he is a shrewd investor has experienced transformation in both technological and financial fields through hands-on experience. In his 21-hours twitter extravaganza, the Uber investor has highlighted some detailed information which seems to be backed from verifiable data.
In one of his Twitter messages, Shervin Pishevar, notes of the looming financial crisis that is likely to face the United States financial industry and the stock market at large. This is not a point to ignore as serious turbulent issues have been experienced over the last and beginning of this year which is a warning of things to come. Surprisingly, the co-founder of Virgin Hyperloop continues to highlight that turbulent in the stock market will continue for several months where people will lose their investments in the process. According to the venture capitalist, the New York Securities Exchange market will drop by 6,000 points, which is large enough to cause havoc in the industry.
Shervin Pishevar notes that one of the main causes of the looming financial crisis in the country is the tax giveaways. This is the process through which the government is giving away taxes to various organizations to encourage them to invest. This strategy seems good, but it could have severe issues in the financial future of the country. There is also a large number of credit accounts which have significant discrepancies. This means that there is no accurate information about the credit accounts and the exact details about them.
Lastly, Shervin Pishevar records that most of the assets in the United States are overvalued, which makes investors to use a lot of money purchasing these assets only for them to realize that such investments do not have a return on investment or their payback period is much high. Moreover, the interest rates on loans charged by the banks and other lending institutions are very high as compared to rates paid on deposit and government bonds.