Banks: The Center Of The Next Meltdown | Todd “Bubba” Horwitz

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Todd "Bubba" Horwitz has significant concerns about the stability of the banking system, particularly regarding its overleveraging. He warns that banks are heavily dependent on the Federal Reserve's policy moves, and he expects that when credit card bills and loans come due, the banking sector could face a crisis. The banks have benefited from rate hikes, but this has only delayed the inevitable, according to Bubba. He believes that when the inevitable market meltdown happens, it will likely be triggered by the banks' instability, and the American public may once again be forced to bail them out. Horwitz advises individuals to hedge their portfolios and avoid panicking, as the banks’ looming crisis could have significant ripple effects on the broader economy, especially the middle class.