Friday, December 13, 2024

Tag: Huge Financial Shock Inevitable & Hitting Now – Ed Dowd

Huge Financial Shock Inevitable & Hitting Now – Ed Dowd

by Greg Hunter, USA Watchdog:

Former Wall Street money manager Ed Dowd is a skillful financial analyst.  Even though he has a wildly popular book on CV19 vax deaths and injuries called “Cause Unknown,” he is now turning his attention back to the economy.  Dowd warns the economy can fall out of bed at any time.  Dowd explains, “What’s coming up next is a credit cycle.  We are going to see commercial real estate go into problem mode.  There are a lot of loans that need to be rolled over in 2024 and 25.  A lot of these properties are down 80% . . . .  There is huge credit risk coming.  The prediction of bank failures is accurate.  We are going to see, over the next 12 to 24 months, banks go belly-up.  Then, they will have to get merged with bigger banks.”