The Mark Moss Show Why This Recession Is Deeper and Deadlier Than 2008! | Ed Dowd
Jul 17, 2025
Edward Dowd, a former BlackRock fund manager and founding partner of Phinance Technologies, dives deep into the looming global economic crisis. He critiques the unsustainable debt levels and warns that the 2023 banking failures are just the tip of the iceberg. The conversation explores the silent housing collapse and the underlying forces driving inflation, with Ed controversially asserting that deflation is 'illegal' in our debt-driven economy. He also outlines predictions for a potential market bottom by 2026, sparking concerns about future financial stability.
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Global Debt Crisis Unfolded Slowly
- The global debt crisis began showing signs in 2019 and was temporarily masked by COVID-19 stimulus.
- Central banks inflated the system but are now facing a credit and economic slowdown with banking and housing troubles.
Fed Won't Bail Bad Loans
- The Fed is unwilling to rescue bad loans and bad credits, unlike risk-free assets.
- Commercial real estate and auto loans are signs of an inevitable credit cycle and recession.
Deflation Not Allowed in Debt Systems
- Deflation is forbidden in a debt-based monetary system as it threatens stability.
- Inflation will dip below 2%, but shelter costs keep it sticky, prolonging a recession and rate cuts.