Massive Recession Coming in 2026 with Edward Dowd

Interview recorded - 9th of December, 2025

On this episode of the WTFinance podcast I had the pleasure of welcoming back Edward Dowd. Edward is the Founder of Phinance Technologies and author of Cause Unknown.

During our conversation we spoke about the economic outlook for 2026, employment data, the delay of the recession, the quick crash, electricity bills, what benefits the crisis and more. I hope you enjoy!

0:00 - Introduction
1:10 - Current economic outlook
6:01 - What has extended the cycle?
7:32 - Employment data
11:01 - What does the recession look like?
13:43 - Quick crash
14:42 - Electricity bills
18:25 - Monetary system
22:02 - The future of AI
25:29 - What benefits during the crisis?
27:42 - Golden age?
33:22 - China trade imbalance
34:50 - One message to takeaway

Edward Dowd is currently a founding partner with Phinance Technologies. He has worked on Wall Street the majority of his career, most notably at Blackrock as a portfolio manager where he managed a $14 billion Growth equity portfolio for ten years. Edward's book Cause Unknown: The Epidemic of Sudden death in 2021 & 2022 propelled him as an alternative voice during the pandemic and the economic implications that continue to plague us today. Phinance's unique alternative macroeconomic analysis of the global debt crisis and what may unfold has given many a deeper understanding of the global nature of our problems today.

Edward Dowd:

Website - https://phinancetechnologies.com/Home.asp
X - https://x.com/DowdEdward

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