Edward Dowd

Edward Dowd, a former Wall Street portfolio manager and founder of Finance Technologies, delves into the systemic stress from demographic declines and excess mortgage debt. He critiques the AI bubble, warning of potential market busts due to capital misallocation. Dowd predicts a future drawdown in markets and shares insights on credit market vulnerabilities. He discusses the implications of geopolitical tensions and the importance of personal resilience and community building amidst economic uncertainties.

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.

Edward Dowd, founder of Phinance Technologies, shares insights on the shifting economic landscape, warning that the recent 'sugar high' from government spending and immigration is fading. He highlights the discrepancies in job data, the danger of extreme market valuations, and the potential risks in auto and real estate sectors. Dowd also discusses the implications of AI spending, a strong dollar, and predicts rising unemployment with increasing recession odds. He emphasizes the need for a cautious investment strategy amidst societal consequences of wealth disparity.

Edward Dowd, founder of Phinance Technologies and former BlackRock portfolio manager, shares his bold economic predictions for 2026. He discusses the prospects of a massive recession, warning of a potential 30-50% market drop and the implications of rising electricity costs. Dowd delves into AI's role in prolonging the economic cycle and the global impact of China’s housing crisis. He emphasizes the importance of preparation, recommending tactical investments in safe havens like gold and cash to weather the upcoming financial storm.

In this insightful discussion, Edward Dowd, a former managing director at BlackRock and founder of Phinance Technologies, shares his predictions on the economy. He warns that the 2025 recession is already taking root, largely due to a fragile housing market. Dowd highlights how mass immigration has skewed economic indicators and discusses the impending fall in inflation. He also offers a contrarian view on bonds as a strong investment choice and addresses the fading AI boom, while raising concerns about gold's new role in finance and the risks surrounding crypto.