#179 Ed Dowd On The Fed's Policy Error And Why We Could See A Bad Correction Ahead

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. Links:  PhinanceTechnologies: https://phinancetechnologies.com/ Twitter/X: https://x.com/DowdEdward 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  46:12 Phinance Technologies: Providing Alternative Perspectives on the Market