TechFlow news — On February 11, according to Jinshi News, Ed Dowd, former BlackRock executive and financial analyst at PhinanceTechnologies.com, warned in his latest report "The Danger of a Global Deep Recession in 2025" that the global economy may fall into a deep recession in 2025. Dowd analyzed that over the past four years, the U.S. has admitted 10 to 15 million illegal immigrants—far exceeding the annual one million legal immigrants—and the government has propped up the economy through deficit spending and welfare policies, which he argues has distorted market dynamics.
The report indicates that money velocity began reversing in Q4 2023, new tenant rents have sharply declined, and real estate transaction volumes are sluggish. Dowd forecasts a minor real estate crisis in 2025, drawing parallels to the 2007 property cycle. He remains bullish on gold's long-term performance and recommends locking in interest rates ahead of further rate cuts. Regarding the artificial intelligence sector, Dowd cautions that current valuations are in a bubble and could face a collapse similar to the 2000 dot-com crash.
