Adam Taggart | Thoughtful Money, Released on 1/13/26

Change around the world, especially geopolitically, is accelerating as we enter 2026. Depending on your point of view, some of these changes are positive — potentially historically great even. Some of them are much more concerning. Where is the world order headed from here? And more granularly, how are the economy and financial markets likely to perform in 2026? For insight, we’re fortunate to welcome back to the program Edward Dowd, founder of macroeconomic consulting & research firm Phinance Technologies. Ed predicts that ‘kooky’ valuations and growing economic weakness will lead to a market correction & recession by the midterm elections.

Edward Dowd is currently a Founding Partner of Phinance Technologies, a global macro alternative investment firm. He is also author of the book “Cause Unknown”: The Epidemic of Sudden Deaths in 2021 & 2022 & 2023. 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.

Adam Taggart is the Founder of  Thoughtful Money. He is also Co-Founder and former President of Peak Prosperity. Adam is an experienced Silicon Valley internet executive and Stanford MBA. Prior to partnering with Chris Martenson (Adam was General Manager of our earlier site, ChrisMartenson.com), he was a Vice President at Yahoo!, a company he served for nine years. Before that, he did the ‘startup thing’ (mySimon.com, sold to CNET in 2001). As a fresh-faced graduate from Brown University in the early 1990s, Adam got a first-hand look at all that was broken with Wall Street as an investment banking analyst for Merrill Lynch. Most importantly, he’s a devoted husband and dad.

  economy, ed dowd, investing, stocks