Phinance Technologies
In a world aflush with too much information and conflicted sources of commentary, finding trustworthy information and opinions is a real challenge. The signal versus noise podcast is a commentary of different macroeconomic topics as we attempt to make sense of the events unfolding around us. We do not claim to have the truth, but instead are searching for answers in real time, to make sense of the world around us. Join us in this journey by following the signal versus noise podcast.
Our podcast is currently free on our rumble channel. We are in testing phase for our podcast and expect to transition to a subscription-based podcast at some point in the future. At the moment, our podcasts are not performed on a regular schedule, but only as we decide there are relevant topics to talk about.
When the podcast is transitioned behind a paywall, we will endeavor to provide a service that is accessible to all, with an affordable price tag. Some episodes will continue to be released to the free channel, with a delay.
In this episode we discuss our report on the impact of the US Trade Tariff executive order signed by President Trump on the 2nd of April 2025.
On the short term, the trade tariffs will be akin to a tax on consumers or corporations, depending on who bears the cost for the price increases. This will likely lead to deflationary conditions due to the impact on the velocity of money, adding to the structural economic challenges that the US is already facing.
On the long term, the event was likely a landmark event in the history of the current century. The executive order is like the first piece of a domino that is going to lead to a multi-year process (or multi-decade), a new path, a new way of doing business.
In this episode we discuss the US Employment Surveys released by the BLS on the 7th of March 2025. The report was a mixed bag that, in our view, shows that employment has probably peaked and is set to decelerate in the months ahead.
Treasury yields for the 10y bond have been declining since January 2025 anticipating further weakness in the economy which anticipate weakness in the job market. We expect to see falls in employment in the months ahead, as we lay out in our US Economy report.
In this episode we analyze the discrepancies between the US Employment Surveys, namely the Establishment and Household. These discrepancies have been confounding economists since 2022 to the end of 2024. The economy has been characterized by robust real GDP growth, but many US households appear to be struggling.
Edward Dowd is a founding partner at Phinance Technologies and is
our voice to the world.
Below are some of his podcast appearances.
Ed Dowd explains: “What we are going to have going forward is the reversal of deficit government spending, which was juicing the economy with illegals. Some of them got jobs, but a lot of them got benefits. They got housing accommodations. The NGO system was flush with money to facilitate this massive, purposeful logistical operation..
Ed Dowd explains why he believes the US economy was propped up by unsustainable factors under the Biden administration, and how a recession under Trump would actually be proof of a necessary economic restructuring in favor of the middle class.
This interview provides interesting insights into the contents within our report and the US Economy.
This interview was reviewed on an article by Zero Hedge. Link to article.
