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Edward Dowd: Housing Is Cracking, 2025 Recession Unfolding

Edward Dowd says the 2025 recession is already unfolding, and investors are completely misreading the signals. In this hard-hitting interview, the former BlackRock managing director and founder of Phinance Technologies explains why the U.S. economy is far weaker than the headlines suggest. Housing is cracking, AI spending has peaked, and the true impact of mass immigration is just now being understood.

Dowd argues inflation will plunge below 2% by Q4, deflation is the real risk, and U.S. Treasury bonds are the best asset to own right now. He also explains why the Fed and asset managers were…

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