Banks to Suffer $850 Billion in Credit Losses through 2025

The S&P's forecast says market uncertainty will lead to banks suffering $850 Billion (yes, billion) in credit losses; a level not seen since the 2008 credit crisis. Swiss America's Dean Heskin and Chris Agelastos discuss the seriousness of the situation and why the longtime financial gurus of the S&P predict such a high number on the Secret War on Cash.

Dean and Chris also issue a warning today about scammers who aim for people's bank accounts as one banking giant reveals $2 million was drained from accounts in eight days.

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Articles referred to in this podcast:

Banks This Year As Uncertainty Prevails: S&P Global Forecast
https://dailyhodl.com/2025/01/10/850000000000-in-credit-losses-will-hit-us-banks-this-year-as-uncertainty-prevails-sp-global-forecast/
Read more at:
https://economictimes.indiatimes.com/news/international/us/never-seen-before-since-the-2008-financial-crisis-americans-should-take-note-this-indicator-predicts-an-ominous-sign-for-the-us-economy/articleshow/117207497.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
$2,000,000 Drained From Customers’ Bank Accounts in Just 8 Days, Says Financial Giant, Warning Scammers Trigger Fraudulent Transfers Like Clockwork
https://dailyhodl.com/2025/01/11/2000000-drained-from-customers-bank-accounts-in-just-8-days-says-financial-giant-warning-scammers-triggering-fraudulent-transfers-like-clockwork/--