Cash Is King, Dowd Sees $10,000 Gold As The Credit Market “Is Starting To End The Party” Via Greg Hunter’s USAWatchdog.com, Wall Street money manager and financial analyst Ed Dowd of PhinanceTechnologies.com warned at the end of January that the “Credit Destruction Cycle” was showing up in something called private credit. Dowd was worried about extreme risk in the economy, especially with all the growth in lending in the last two years coming from private credit. Has this gotten better or worse? Dowd says, “It’s gotten worse, and it has spread…” “The number if credit funds that have gated their investors keeps growing. … — Continue at ZeroHedge News : Read More
