As Consumer Debt Mounts, Banks Brace for Big Losses

While the U.S. economy may be headed for trouble, mounting consumer debt may make things much worse. Inflation brought more expensive auto and home loans and more people were forced to run up their credit cards. Meanwhile, another regional bank was forced to shut down this year -- the second of 2024.

How does all of this bode for the market over the short and long term? Swiss America's Dean Heskin and Chris Agelastos 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