Private Credit Is the Warning—Just Like 2008 | Ed Dowd

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Economist and former BlackRock manager Ed Dowd returns to the program to break down what his data is revealing about the true state of the economy. While headlines remain mixed, Dowd warns that the United States may already be on the edge of a deep recession.

He points to growing instability in the private credit markets as a major red flag—drawing direct comparisons to the mortgage-backed securities collapse that preceded the 2008 financial crisis. According to Dowd, the warning signs are not just theoretical—they are already flashing.

We also discuss what this means for everyday Americans and, more importantly, what you can do now to prepare for what may be coming next. This is a critical conversation for anyone trying to stay ahead of rapidly shifting economic conditions.

You can follow Ed Dowd on X @DowdEdward

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