Money & Economics
- Thread starter bigredfish
- Start date
Former BlackRock fund manager Ed Dowd on the AI bubble: "This is all fugazi. It's going to burst"
"It's all happening. And credit is effectively frozen. Private credit and private equity are on life support"
"I've been here before. The only thing that's working in the stock market is AI. And if you strip out AI, stocks have gone nowhere since the rally that came out of the ceasefire"
"Housing's rolling over. Housing starts [have] plummeted"
"[Yet] the AI bubble is the only thing that's making people feel super complacent... It's now 45% of the S&P 500 market cap"
"Semiconductors are 19% of the S&P 500... and they're 30% of the NASDAQ"
"I know that people think that if the stock market's doing fine, everything's fine. It's not fine. We all know that"
"Trump's poll numbers are in the tank. The average consumer is continuing to experience credit stress on their credit cards, their auto loans, and housing, and mortgage stress is starting to rise"
This clip of Dowd (@DowdEdward), a former BlackRock fund manager and co-founder of Phinance Technologies, is taken from a discussion posted to the CDM (@CDM_PRESS
) Rumble channel on June 25, 2026.
"It's all happening. And credit is effectively frozen. Private credit and private equity are on life support"
"I've been here before. The only thing that's working in the stock market is AI. And if you strip out AI, stocks have gone nowhere since the rally that came out of the ceasefire"
"Housing's rolling over. Housing starts [have] plummeted"
"[Yet] the AI bubble is the only thing that's making people feel super complacent... It's now 45% of the S&P 500 market cap"
"Semiconductors are 19% of the S&P 500... and they're 30% of the NASDAQ"
"I know that people think that if the stock market's doing fine, everything's fine. It's not fine. We all know that"
"Trump's poll numbers are in the tank. The average consumer is continuing to experience credit stress on their credit cards, their auto loans, and housing, and mortgage stress is starting to rise"
This clip of Dowd (@DowdEdward), a former BlackRock fund manager and co-founder of Phinance Technologies, is taken from a discussion posted to the CDM (@CDM_PRESS
) Rumble channel on June 25, 2026.
