Ed Dowd: Prepare For A Correction

The Julia La Roche Show, Released on 6/27/24

Edward Dowd, Founding Partner of Phinance Technologies, a global macro alternative investment firm, and author of “Cause Unknown: The Epidemic of Sudden Deaths in 2021 & 2022,” joins Julia La Roche on episode 179 to discuss the macro picture and the markets. In this episode, he points out that the Federal Reserve made a huge policy error by keeping rates too high for too long and we’re likely to see a correction that will hit fast in the financial markets.

00:00 Intro and welcome Ed Dowd
00:46 Macro picture
02:14 On the precipice of a slowdown in the economy
03:15 State of the real economy
04:30 Disconnect in the U.S. stock market, a fast and furious correction
10:17 Preparing for the correction: allocating portion to T-Bills
11:38 Generational opportunity
13:30 Growing debt and deficits
15:45 Need the austerity candidate
16:58 A looming crisis
18:48 UBI and a CBDC
22:25 Gold
24:30 Toxic brew
27:29 Erosion of the middle class
29:00 Inflation
30:40 Rate cut
33:00 Policy error of the Fed
36:20 Real estate
38:00 Immigration
40:13 GDI for average middle class went up under Trump
42:12 Chaos creates opportunity
44:37 Parting thoughts, Phinance Technologies

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.

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