ED DOWD WARNS: THE U.S. ECONOMY IS HEADING TOWARD A COLLAPSE Record government spending, the massive AI buildout, and weakening labor-force participation are flashing warning signs for the U.S. economy, according to analyst Ed Dowd. Dowd argues that an expanding credit cycle is sustaining the economy. But when borrowing becomes the lifeblood of economic growth, it signals not strength, but a system becoming more fragile. The AI boom may be adding another layer of risk. Massive spending on data centers and infrastructure depends on cheap capital, reliable energy, and returns that have yet to materialize. @DowdEdward joins us to break down the credit cycle, the AI bubble, labor participation, and what they could mean for the future of the American economy.