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…
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