The Calm Before the Storm Folks, I’ve seen a lot in my 40 years in finance, but what’s brewing now is unlike anything I’ve witnessed. Ed Dowd, a former BlackRock fund manager, is sounding the alarm: the economy is teetering on the edge, and the Fed is about to panic. Dowd predicts that by this fall, the Federal Reserve will be forced into emergency rate cuts as the economy spirals into a deep recession. He points to the housing market as a major red flag, with both commercial and residential real estate showing signs of significant weakness. The Housing Market: A Ticking Time Bomb Housing makes up about 20% of our GDP, and it's cracking. Dowd notes that shelter costs,…
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