ITM Trading, Released on 9/20/24

Renowned investor Edward Dowd, founder of Phinance Technologies, drops a bombshell: The Federal Reserve’s interest rate cuts might be the catalyst for a global financial crisis. Join Daniela Cambone as she delves into Dowd’s alarming prediction. With the world drowning in debt, Dowd explains how the Fed’s actions could set off a chain reaction, leading to massive market turmoil. Dowd also offers insights on how to prepare for a potential World War III scenario.

00:00 U.S. President Election/Trump assassination attempt
4:30 Media rhetoric
6:31 Global debt bubble
12:05 Fed’s rate cut
13:01 Recession
14:30 Warren Buffet reduced BofA’s holdings
15:33 U.S. consumer spending
17:10 Gold
18:06 Global debt unwinding
24:50 Payroll numbers
27:16 U.S. dollar
29:35 Russia’s gold purchase
30:30 Concluding words

Edward Dowd is currently a Founding Partner of Phinance Technologies, a global macro alternative investment firm. He is also author of the new book, “Cause Unknown: The Epidemic of Sudden Deaths in 2021 & 2022.” Edward has worked on Wall Street most of his career, spanning both credit markets and equity markets. Some of the firms he worked for include HSBC, Donaldson Lufkin & Jenrette and Independence Investments. Most notably, he worked at Blackrock as a portfolio manager where he managed a $14 billion Growth equity portfolio for ten years. After BlackRock, he founded OceanSquare Asset Management with two former BlackRock colleagues.

  economy, edward dowd, Fed, gold, investing, rate cut