Ed Dowd: A Perfect Storm has Formed in the U.S. Economy - Sarah Westall

Founder of Phinance Technologies and global economic analyst Ed Dowd rejoins the Economic Review to break down the perfect storm forming across the U.S. economy.Dowd explains the forces creating powerful recessionary headwinds and why he sees troubling parallels to the conditions surrounding 2008. He argues that roughly 80% of the country is already experiencing a recession, while the top 20% remains largely insulated from the economic pressures affecting everyone else.  We also discuss the extraordinary concentration of investment flowing into artificial intelligence. Dowd estimates that approximately 70% of investment capital is currently being directed toward the AI sector, creating an investment boom that he believes has helped paper over the underlying recession already being felt throughout much of the country.  We also discuss what you should do to prepare financially.Follow Ed Dowd on X at or on Substack at @DowdEdward and on Substack at substack.com/@eddowdbeyondthenarrativeSee exclusives and Webinar replays and more at SarahWestall.Substack.com