Shervin Pishevar believes Fed has overstepped bounds

In the world of tech venture capital, few names stand out like that of Shervin Pishevar. As the founder and CEO of Investment company, Shervin Pishevar has been behind the founding of some of the most renowned names in Silicon Valley. Projects on which Shervin Pishevar has provided crucial early-round financing include names like Airbnb, Uber and Virgin Hyperloop. As an entrepreneur in his own right, Shervin Pishevar has also personally founded companies like WebOS, Social Gaming Network and Ionside.

Somehow, he still finds time to operate one of the most frequented Twitter feeds in the industry. When he has time, Pishevar holds forth on a wide variety of topics. His favorite topics to address are the role that technology plays in the United States and the realities of the current U.S. economic situation.

On that latter subject, Pishevar has a great deal to say about the radical experiments in monetary policy that the Federal Reserve, like so many of its central banking counterparts around the world, has undertaken. Pishevar believes that the central bank has overstepped its bounds considerably. And this, he says, may lead to catastrophic consequences for the economy as a whole.

Pishevar believes that the bank has caused what amounts to a fake economic recovery. By flooding the markets with money and credit, the central bank has created massive amounts of asset inflation. This has only served to further enrich the top 1 percent of earners while making it ever more difficult for the average American. One example that Pishevar gives is the housing market. Many cities across the country now have housing markets that are so overheated that the average earner would have to work for more hours than the typical person is awake in a week in order to afford the city’s median home.

This, says Pishevar, is indicative of a market that is totally unsustainable. He foresees a serious correction that will come in the next one to two years. And Pishevar doesn’t mince words when he says that the resulting pain will be attributable solely to the unrestrained policies of the country’s central bank.

https://angel.co/shervin