Beginning of Panic Rate Cut Cycle

Greg Hunter – Former Wall Street money manager and financial analyst Ed Dowd of PhinanceTechnologies.com had a storied Wall Street career. He got out of Enron and Lucent long before they crashed and burned. A few of the many other more recent correct calls Dowd has made include: interest rates topping and heading lower (they did), housing tanking and going lower (happening now), massive fraud propping up the Biden economy with illegal immigration (20 million brought in by Biden Admin) and the BLS just restated job creation numbers for 12 months ending in March.

The restatement revealed an eye popping 911,000 jobs were fake. Dowd said just after the 2024 election that “Trump inherited a turd of an economy.” Now, Dowd says, “Trump has to deal with a turd of a disaster.” On the phony jobs number alone, Dowd says, “You could say this is statistical fraud or bureaucratic incompetence. Let’s say it’s both. It such an egregious 7 standard deviation. 3.4 standard deviation is the chance of lightning hitting you at least once in your lifetime. It’s not likely. 7 deviation is suggestive of fraud–full stop.” Continue reading →