As Consumer Debt Mounts, Banks Brace for Big Losses

Oct 24, 2024 · 17m 6s
As Consumer Debt Mounts, Banks Brace for Big Losses
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While the U.S. economy may be headed for trouble, mounting consumer debt may make things much worse.With inflation came more expensive car and home loans while more people are forced...

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While the U.S. economy may be headed for trouble, mounting consumer debt may make things much worse.With inflation came more expensive car and home loans while more people are forced to run up their credit cards.
Also, another regional bank was forced to shut down this year -- the second of 2024.
How does all this bode for the market over the short and long term? Swiss America's Dean Heskin and Chris Agalestos explore what's happening on The Secret War on Cash

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Articles referred to in this podcast
https://dailyhodl.com/2024/10/20/bank-abruptly-shut-down-by-us-regulators-in-second-bank-failure-of-2024/
https://www.newsbreak.com/share/3641779007585-big-banks-are-bracing-for-losses-as-americans-struggle-to-pay-off-debt?_f=app_share&pd=08oc6YBL&lang=en_US&send_time=1729528313&trans_data=%7B%22platform%22%3A0%2C%22cv%22%3A%2224.42.0.34%22%2C%22languages%22%3A%22en%22%7D&sep=ns_local_strategy_24q3_exp-v1%2Cns_foryou_model_exp_24q4-v9%2Cns_local_strategy_24q4_exp-v1%2Cns_summary_v1-v1%2Cns_foryou_rank_exp_24q4-v7%2Cns_foryou_recall_exp_24q4-v6%2Cns_foryou_blend_exp_24q4-control%2Cns_pushv1-v4&s=i3
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