See exclusives, webinar replays, and more at SarahWestall.Substack.comEd Dowd, founder of Phinance Technologies and global economic analyst, rejoins the Economic Review to break down what he sees as a 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 the 2008 financial crisis. He argues that roughly 80% of the country is already experiencing recessionary conditions, while the wealthiest 20% remain largely insulated from many of the economic pressures affecting everyone else.In today’s discussion, Sarah and Ed also examine 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 is helping mask the underlying economic weakness already being felt throughout much of the country.Sarah and Ed also discuss what individuals can do to prepare financially for the possibility of a deeper economic downturn. They explore the importance of understanding where capital is flowing, recognizing the risks developing beneath headline economic numbers, and positioning yourself for a potentially challenging economic environment ahead.Follow Ed Dowd on X at @DowdEdward and read his Beyond the Narrative Substack at https://substack.com/@eddowdbeyondthenarrativeLinks and Offers Mentioned in the Show:Set up your portfolio like the wealthy and learn how to maximize earnings while reducing taxes at https://SWHawk.comProtect your assets with Miles Franklin and receive the private preferred pricing by visiting https://SarahWestall.com/MilesFranklinSupport this show by supporting the show’s sponsors at https://SarahWestall.com/ShopMUSIC CREDITS: Down to the Wire – Nonstop Producer Series: Broad Media Internet License
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