WTFinance, Released on 3/12/25 (Recorded on 3/11/25)

On this episode of the WTFinance podcast I had the pleasure of welcoming on Edward Dowd. Edward is the Founder of Phinance Technologies and author of Cause Unknown. During our conversation we spoke on his current views on the markets, why the economy is struggling, Mainstreet vs Wallstreet, Biden immigration policy, shift from capital to labour, economic reset, which assets to perform and more. I hope you enjoy!

0:00 – Introduction
1:34 – Current view of markets?
5:55 – Why was economy struggling?
8:56 – Biden immigration policy
11:14 – Mainstreet vs Wallstreet
13:42 – Government spending, regulation, spending
16:02 – Shift from capital to labour?
18:00 – Global Economy
22:00 – Force Powell to cut rates?
23:12 – Secular shift?
25:20 – System leverage
27:22 – Which assets to perform?
30:07 – One message to takeaway?

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.

  economy, ed dowd, investing, markets