Since the financial crisis of 2008, the Federal Reserve has engaged in an unprecedented series of open market operations that have been termed quantitative easing. These transactions have consisted of the Federal Reserve buying Treasury securities from its constituent branches by the trillions of dollars. Today, with a balance sheet still in the trillions, the Fed has promised to begin winding down its massive balance sheet holdings by selling those securities back into the open market and erasing the profits from the sales. However, some believe that the central bank will not follow through on its promises to do so.
Read more about Shervin Pishevar at Bloomberg.com.
Shervin Pishevar is longtime critic of Fed market interventions
Few people command as much admiration and respect throughout the world of venture capital as Shervin Pishevar. Shervin Pishevar has been at the forefront of the tech venture capital scene for decades. His company, Investment company, was responsible for the creation of such names as Uber, Airbnb and Virgin Hyperloop. At the same time, Shervin Pishevar has personally founded companies that have turned out to be enormous successes, including WebOS, Ionside and Social Gaming Network.
Shervin Pishevar is also the operator of one of the most important Twitter feeds in the tech sector. He has more than 100,000 followers, who pay meticulous attention to his every tweeted word.
Recently, Shervin Pishevar engaged in a nearly day-long tweet storm. He discussed, at length, his prediction that the Fed will resort to using quantitative easing once again when the market inevitably corrects back down to far lower levels than it is currently enjoying. Pishevar says that such a correction is inevitable because of the fact that interest rates will continue to rise, drying up much of the cheap credit that has fueled the stratospheric bull market that we are currently seeing.
Pishevar says that once the market experiences a sharp downturn, the Fed will step in with another trillion-dollar purchase of Treasury securities. But this time, says Pishevar, the tool that the bank has singularly used to fix all the economy’s problems has lost its edge. And he believes there will be hyperinflation.
Pishevar is an American-Iranian entrepreneur. He was born in the year 1974 in Tehran, Iran. Shervin Pishevar went to the US as an immigrant when he was very young. He is recognized as a philanthropist, super angel investor and a venture capitalist. He was born to two parents, Abraham Pishevar and Eshrat Pishevar. Shervin Pishevar’s father migrated to the US after his name was placed on Ayatollah Khomeini’s execution document. He worked as an executive manager in a radio and television local media house.
Abraham was accused of broadcasting some information that could assist his fellow Iran citizens to leave Iran to other foreign nations. This shook Abraham’s heart so badly. When he arrived to the US, Shervin Pishevar never had a job. He searched for a job and lucky enough, he was able to find one as a taxi driver. He worked as a cab driver for several months. After Eighteen months, his family joined him in the United States. Abraham Pishevar also managed to further his studies. He joined the University of Howard where he pursued and graduated with a PhD in mass communication. Shervin Pishevar attended Montgomery Blair High school. The institution was a math’s and science magnet school. As a junior, he achieved so much. He managed to be a member of the Montgomery County Board Of education.
While on this board, he campaigned for the welfare of his fellow students. He was a smart young man. Shervin Pishevar was an entrepreneur when at a very young age. He created a $10 education tax that was obligated to the county taxpayers. He stated that the amount donated will be used in school projects like woodworking and mechanics classes. While still in school Shervin carried out several science researches. He started a research on megainin peptides. Additionally, he co-authored a journal of the American medicine society. The article journal spearheaded the Istanbul protocol. This is a set of universal guidelines for documentation of torture.
Due to his prowess in books, Shervin Pishevar once received a presidential fellowship so that he could further his studies at UC Berkeley. Moreover, he was an author of the first peer undergraduate research journal in the USA.