Shervin Pishevar is a prominent investor who likes to follow various markets around the world. He has made some extraordinary investments during his career. He was an early investor in Uber.
However, he is starting to worry about the future of the economy. Although there are plenty of signs of economic growth, the United States has several major issues. As the national debt continues to increase, many people are worried about the future. Shervin Pishevar recently tweeted for 21 hours about various economic issues. He also issues predictions for the future.
Stock Market Drop
The stock market has been steadily increasing for almost an entire decade. The current positive trend in the stock market is a great thing for investors. However, Shervin Pishevar believes that the stock market is going to crash in 2018. Investors have already had to deal with additional volatility to start the year.
There are several reasons that he believes the stock market will crash. As interest rates increase, investors will have other options to invest their capital. Economic growth could also slow down in the years ahead.
As interest rates increase, inflation will also increase. Inflation is a huge issue in many economies around the world. If wages do not increase along with inflation, it is difficult for the average person to afford basic products.
Shervin Pishevar believes that inflation is going to increase much more quickly than people are expecting. Once inflation starts increasing, it is difficult to stop it.
While the stock market is going down, gold is one of the best investments that any investor can make. Shervin Pishevar is encouraging people to purchase gold instead of investing in the stock market. In the last recession, gold went up dramatically. Get More Information Here.
Cryptocurrency has been an exceptional investment over the past year. However, he believes that the entire asset class is going to have a rough year. Bitcoin will still be the most well-known coin, but other major coins will become common as well. Shervin Pishevar thinks that cryptocurrency still has the potential to change the economy in the future.