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Ed Dowd: "I've Never Seen Anything Like This" - Video

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In this 21 May 2026 published video, host Adam Taggart talks with Ed Dowd, founder of macroeconomic consulting & research firm Phinance Technologies, who entered the year pretty bearish on the prospects for the US economy, the global economy, the financial markets and the housing market. Now that we’re 5 months into the year — and embroiled in a new war against Iran — how has his outlook changed, if at all?

Dowd expects a near-term 20-30 percent market correction, to then get rescued by the central planners. But he then predicts that recovery will fail, dropping stocks into a true, likely multi-year, bear market.

Dowd argues that an artificial intelligence bubble is masking systemic failures in global credit, housing, and labor markets, likely leading to a severe deflationary recession by late 2026.

https://youtu.be/LRpFmG_A5Ro



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  • Sophie

    May 27, Truth Social: Congratulations to Ken Paxton on such a tremendous win, and to John Cornyn for having run a strong and powerful race but, more importantly, having had a truly great career. John will remain my friend for a long time to come, as we both watch Ken become a fantastic, common sense Senator, one who is respected by all. His opponent, Alfred E. Neuman, may be the worst TEXAS candidate I have ever seen. A strong Open Borders advocate, he is WEAK ON CRIME, believes there are 6 genders, is insulting to Jesus Christ, will never support the Military, was a big Mask Wearer until recently, and is a Vegan who dislikes meat, not exactly a good way to be if your wanting to win an Election in Texas. Jasmine Crockett, a very low IQ individual, who is no relation to the legendary frontiersman, Davy Crockett, would have been a far better choice for the Dumocrats. I will do some nice, big, beautiful rallies for Ken. Texas, this will be FUN! GOD BLESS AMERICA. President DJT
    _______________________________

    The transition in power is framed not as a competitive democratic shift, but as a peaceful, curated succession with a scripted ritual retirement allowing the outgoing figure to exit with dignity.

    The phrase “John will remain my friend for a long time to come” operates as a symbolic carrot. Public friendship from the leader is the highest currency, while in private it is a conditional truce. This implies the outgoing figure has complied with this shift and is…

  • Sophie

    safe from reputational harm for now, establishing that the protective umbrella can be extended or retracted based on ongoing loyalty.

    The use of “Alfred E. Neuman,” a fictional, dim-witted Mad magazine mascot is a deliberate act of decapitation, stripping the political adversary of relevance and intelligence before the policy debate even begins. By invoking the mythic legacy of Davy Crockett, Trump is framing political opponents as historical impostors detached from Texas’ rugged, foundational mythos.

    Every accusation serves as an inversion of traditional regional values, designed to trigger an immediate, emotional “us versus them” response. Grouping “6 genders” and “insulting to Jesus Christ” creates a symbolic threat to the traditional, foundational order. It frames the opponent’s worldview as fundamentally alien to nation’s spiritual and social structures.

    Trump’s statement serves as a border drawing exercise with the primary aim to conquer the psychological high ground where he is the ultimate arbiter of reality. It bypasses rational policy debate entirely. Instead, it aggregates multiple distinct cultural anxieties (food, religion, gender, health, history) into a single, unified cognitive threat. By doing so, it forces the audience into a binary choice: you are either with the traditional tribe, or you are with the chaotic anomaly.

    A rally is the theatrical call to arms, framing political campaigns not as civic duties, but as a grand, communal spectacle which serves as modern tribal rituals to consolidate power and celebrate victory. The concluding phrase “GOD BLESS AMERICA” serves as a Divine Seal of Approval. By invoking God, the preceding political arguments are elevated above partisan bickering, framing them as part of a higher moral crusade.

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