As a country that has led the way in innovative technology, the United States has had little competition when it comes to maintaining its place as the world leader. However, according to Shervin Pishevar, the demise of U.S. technology has already begun. In a series of recent tweets, Shervin Pishevar talks about how Silicon Valley and other aspects of U.S. technology are on the decline.
According to Shervin Pishevar, the demise of Silicon Valley has been coming for quite some time. Seeing companies in this region as ones that have become too complacent over the years, he believes the time has finally arrived when foreign competition will overtake Silicon Valley companies as the leaders in new and innovative technology. As he sees the situation, China and many African nations have invested heavily in training, research and development, and other key areas, giving them a key edge over Silicon Valley. To regain its place as the world leader, Shervin Pishevar believes Silicon Valley companies will need to dedicate themselves once again to numerous research and development projects, as well as placing a greater emphasis on employee training and also doing what it takes to retain the most talented individuals within their companies.
Along with his concerns about Silicon Valley and the state of U.S. technology as a whole, Shervin Pishevar also expressed many views concerning the national and international economy. For example, during the course of his 21-hour tweet storm, he stunned many by predicting the U.S. stock market could plunge by as much as 6,000 points over the next several months. According to Shervin Pishevar, this will happen due to a bond market that has become much too active and volatile, putting investors at risk of losing millions in the stock market. To avoid taking huge losses from stocks, he recommends taking money out of stocks and investing instead in precious metals such as gold, which is always deemed as a safe investment during tough economic times.
In the days and weeks to come, it will be fascinating to see if any of his predictions do indeed come to pass.