“There’s A Lag In The Real Economy... And It’s Hitting Now” — Ed Dowd Warns Of “Huge Credit Crisis Coming”
Via Greg Hunter’s USAWatchdog.com,
Former Wall Street money manager Ed Dowd is simply a skillful financial analyst. Even though he has a wildly popular book on CV19 vax deaths and injuries called “Case Unknown,” he is now turning his attention back to the environment.
Dowd wars the economy can fall out of bed at any time. Dowd exploits, “What’s coming up next is simply a credit cycle...”
“We are going to see commercial real property go into problem mode. There are quite a few loans that request to be rolled over in 2024 and 25. quite a few these properties are down 80%...
There is simply a large credit hazard coming. The prediction of bank failures is accurate. We are going to see, over the next 12 to 24 months, banks go belly-up. Then, they will gotta get merged with bigger banks.”
What happens to the Biden economy? Dowd says,
“The economy is going to take a nosedive time in the next 12 months. The real economy is not doing well...
The only thing that has been holding up the GDP growth is government spending.
We are spending $1 trillion all 100 days. That’s adding $1 trillion to the deficit.
The only occupation creation is government jobs, and they don’t actually add to the economy...
Reports are coming out now that the low-income consumer is getting absolutely hammered. McDonald's talked about it in their most fresh arrivals call...
So, low-income and the middle-class are getting squeezed while the rich proceed to plug along.”
Dowd told me off camera that the economy could get into problem without warning. Dowd exploits,
“You’ve got to look at history. In 2008 and 2009, everyone talks about the crisis, but bank fails started showing up in 2007...
I propose as we rotation through time in the real economy and the money issues start to hit the economy, we will see more banks neglect and more businesses shut down.
46% of tiny businesses are having problems paying their rent. There is going to come a time in the next 6 to 12 months this large shock that we Saw in the 2008 financial crisis, and the 2000 bubble where massive layoffs start to happen–it’s inevitable.
This is what happens erstwhile you crack up interesting rates from 0% to 5.5%. There is simply a lag in the real economy, and it’s hitting right now. It’s only going to intensify as time goes on.
Dowd likes gold as a core asset. He besides thinks the dollar has a way to go before it tanks, but it will tank someday.
Dowd besides thinks that the CV19 bioweapon shot pushers are trying to change the communicative to commit “some deaths” happened, but the amount is small. Dowd calls BS on that, and he thinks the death and injuries are at least 33 million in the USA alone.
According to Dowd’s research, the CV19 vax was a critical enterprise that murdered and seriously harped millions. Dowd thinks the deaths and deaths from the CV19 vax are going to get bage. Dowd thoughts Johns Hopkins and the remainder of the medical community are trying to change the narrative, so they don't get paled for pushing a massage death and disability CV19 vax program.
There is much more in the 53-minute interview.
Join Greg huntsman of USAWatchdog.com as he goes One-on-One with money manager and investment expert Ed Dowd, author of the late updated book called “Case Unknown: The Epidemic of abrupt Deaths in 2021, 2022 and 2023” for 5.11.24.
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You can order Dowd’s recently updated book called “Case Unknown” by clicking here. If you want to go to Dowd’s website called PhinanceTechnologies.com, click here.
Tyler Durden
Mon, 05/13/2024 – 14:40