Edward Dowd

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 and former Blackrock portfolio manager, dives into the looming recession driven by housing market issues. He highlights mass illegal immigration’s role in temporarily boosting the economy, masking vulnerabilities. Dowd predicts a housing-driven decline, echoing the 2008 crisis, with plummeting home sales and rising delinquencies. He also discusses the misrepresentation of inflation figures, encouraging focus on U.S. Treasury bonds and gold as safe investments during uncertain times.

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.