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As Consumer Debt Mounts, Banks Brace for Big Losses
Episode 113
Published 1 year, 6 months ago
Description
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
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
Subscribe to our Youtube channel: https://www.youtube.com/@swissamerica?sub_confirmation=1
Call for your FREE copy of The Secret War on Cash newsletter: (800) 289-2646 or
Visit our website for more information: https://www.swissamerica.com
Call for your FREE copy of How the Coming Global Crash Will Create a Historic Gold Rush: (480) 548-2975
Follow us on Facebook: https://www.facebook.com/swissamerica/
Follow us on X (Twitter): @Swiss_America
Follow us on LinkedIn: https://www.linkedin.com/company/1023049
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