Shervin Pishevar is an Iranian-American entrepreneur, venture capitalist, and super angel investor. He is the co-founder and former executive chairman of Hyperloop One and a co-founder and managing director of Sherpa Capital.
Shervin Pishevar is an avid investor who has numerous thoughts on the economy. He recently tweeted for many hours about the future of the United States. Although he has considerable wealth, he is nervous about the future of the economy. He strongly believes that the United States is about to enter a major recession. During this time, the country is going to go through a major economic decline.
Shervin Pishevar believes that inflation is going to increase rapidly in the years ahead. As the economy continues to expand, inflation generally increases. Some inflation is not a bad thing. However, there are times throughout history where inflation increased too quickly. When inflation grows faster than wages, people cannot save as much money.
In the last economic crisis, the Federal Reserve decreased interest rates lower than ever before. Many people are now accustomed to low rates of interest. In the coming years, interest rates are going to start increasing again. Higher interest rates will cause numerous changes within the economy. Investors need to adjust their portfolios based on higher interest rates.
Consumer debt is increasing quickly. When the economy is growing, most people are willing to borrow money to invest in the future. However, too much consumer debt is a bad thing. Leading up to the last recession, consumer debt was increasing quickly. This is a warning sign for the economy. Shervin Pishevar believes that people should decrease their personal debt and invest in safe asset classes.
Shervin Pishevar also thinks that the stock market is going to collapse in 2018. Although the stock market had a great year in 2017, he believes that those days are over. Refer to This Article for more information.
Shervin Pishevar also predicted that gold will be the only safe asset class to invest in. Gold is usually a great investment when the economy weakens. He is moving a lot of his wealth to gold in order to protect himself from a market collapse.
In the coming months, Shervin Pishevar thinks that the economy will rapidly decline. The stock market has already had a volatile start to the year.