Shervin Pishevar is the unquestioned king of Silicon Valley venture capital. The legendary investor has been behind the formation of some of the biggest companies to come out of the tech space over the last decade, including Virgin Hyperloop, Uber and Airbnb. He has also been the personal founder of such names as Social Gaming Network, Ionside and WebOS.
But in his spare time, Shervin Pishevar enjoys debating some of the country’s most pressing issues via his Twitter feed. And with 100,000 followers, whenever Shervin Pishevar finds the time to share his insightful and interesting ideas on topics ranging from economics to tech startups, the world listens with rapturous attention.
Shervin Pishevar says that inflation isn’t gone. It’s just in hiding
Shervin Pishevar believes that the last 10 years, inflation has taken to hiding in the jungles of Southeast Asia like a Viet Cong guerilla. He says that inflation has not died as many have speculated. Rather the inflation that classical economics would predict is inevitable from a country that had printed more than $4 trillion out of thin air to buy its own debt has simply been displaced. Shervin Pishevar says that this inflation is showing up in places like Vietman and China, where manufacturing wages and the cost of production have been steadily increasing over the last few years.
Pishevar says that another place to which inflation has been artificially siphoned is into various asset classes. Pishevar says that the recent asset inflation has been witnessed in markets from housing to equities is scarcely deniable. With cities like Los Angeles featuring median home prices that the median earner would need to work more than 120 hours per week to afford, Pishevar says that this type of asset inflation can actually be more pernicious than dollar inflation, especially when it makes rents so unaffordable that cities like Los Angeles and San Francisco are seeing massive upticks in those who have full-time jobs but not roof over their heads.
But Pishevar is quick to warn that dollar inflation is just around the corner.