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. Pishevar also co-founded the Social Gaming Network (SGN) which was spun out of Webs in 2008.
There are many investors who are making money in the stock market. However, these gains could be coming to an end. Some prominent investors are predicting a drop in the stock market this year.
Shervin Pishevar recently tweeted for 21 hours about various economic issues. He also made some dire predictions about the future of the United States. He is worried about the future for several reasons. Not only does he think the economy is going to collapse, but he also thinks the average person is completely unprepared for a recession.
One of the biggest issues in the economy is high levels of personal debt. As the economy continues to expand, many people are comfortable with increasing their personal debt. However, this also means that people are not saving money. The average person cannot survive a financial emergency. Few people are even thinking about the possibility of a recession. As a result, Shervin Pishevar thinks that the next recession will be much worse than the last one.
Shervin Pishevar also thinks that the stock market is going to collapse in 2018. He gives several reasons for this collapse. When the stock market goes down in value, investing in gold is usually a good choice. He has already started to move his capital from the stock market to gold. Shervin Pishevar wants to be prepared for the next stock market collapse.
Labor in the Technology Industry
Shervin Pishevar also thinks that the technology industry is going to suffer from a labor shortage. With the new immigration policies in the United States, many foreign workers are choosing to move to other nations. This could lead to a huge shortage of talent in the future. Privacy issues are already causing various problems for technology companies. These issues will only get worse in the years ahead.
Another major concern for the economy is higher interest rates. As interest rates increase, economic growth usually decreases. Interest rates are increasing faster than many people expected. This could cause various economic issues in the coming years. Read This Article for more information.