By Greg Hunter’s USAWatchdog.com - February 8, 2025

Former Wall Street money manager and financial analyst Ed Dowd of PhinanceTechnologies.com is back with a new report called “Danger of Deep Worldwide Recession in 2025.” The new report shows how a weak economy was propped up under the Biden Administration and how a crash, this year, is inevitable. Dowd says, “What we are going to have going forward is the reversal of deficit government spending, which was juicing the economy with illegals. Some of them got jobs, but a lot of them got benefits. They got housing accommodations. The NGO system was flush with money to facilitate this massive, purposeful logistical operation. People don’t understand that the net legal migration in the US is one million a year. That’s one million people a year. The last four years, we brought in 10 million to 15 million people. That is a new economic variable, and it distorted the economy. It never got us into expansion territory, but it papered over a lot of the ills we were seeing. Trump’s policies are going to reverse that all out. . . . The velocity of money under Joe Biden really started to rise. . . . Illegal immigration is very inflationary. . . . In the fourth quarter, the velocity of money is already rolling over. The Trump effect began the moment he was elected. We’ve seen self-deportations. We have seen new tenant rents plunge, and that’s what has been holding up the housing market.”

How bad is the economy going to get? Dowd predicts, “We are seeing a recession in 2025. The rest of the globe is already starting to roll over. It’s going to be a worldwide recession . . .

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Dowd still likes gold and thinks rates will begin going lower, which means locking in rates now will be a smart play for many. Dowd says, “Gold is good long term.” Dowd also thinks AI is over-bought and is in a bubble and points out, “There is no money on the other side,” of the AI boom. Dowd thinks AI tech will crash just like the internet bubble in early 2000. Dowd thinks, “AI prices are too expensive, and they will collapse at some point.”

There is much more in the 51-minute interview.