Commodity Culture, Released on 10/23/25 (Recorded on 10/22/25)

Edward Dowd thinks the broad market, driven largely by a massive bubble in overvalued AI stocks, is inching closer to the edge of the abyss as a mounting crisis in the real estate and credit sector make themselves apparent. Edward argues that the meltdown will happen quickly, and those caught up in the euphoria of the tech sector may find themselves losing their shirts when the bubble finally bursts.

00:00 Introduction
01:14 State of the Broad Market
05:46 Are AI Stocks All Hype?
10:40 Coming Real Estate Crisis
16:49 Is China on the Verge of Collapse?
21:57 Is Ed Still Bullish on Gold?
23:50 WTI Crude Oil Headed Lower
26:06 Regional Bank Crisis
31:14 Blood for Oil in Venezuela?

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.

  AI, ed dowd, investing, market crash, Regional Bank Crisis, stocks