ITM Trading, Released on 1/15/25

We’re going to see a ‘knock-on’ effect on commercial real estate loans, with ripple effects from store closures, rising vacancies, and mounting consumer and corporate debt in 2025, warns Nomi Prins, renowned American economist, author, journalist, and public speaker.
In this episode of our 2025 Outlook Series with Daniela Cambone, Prins dives into pressing financial concerns, including the exponential growth of U.S. debt, uncertainties surrounding U.S. trade, and the risky “extend and prevent” practices by banks. “There’s just been a lot of massaging of numbers on a lot of the books of banks because of these extensions of loans, which allow you not to take a loss, and because there are just more problems coming in,” Prins warns, shedding light on looming risks for banks as we head into 2025.

0:00 US debt issue
4:10 The seriousness of US debt
5:40 U.S. tariffs
8:34 U.S.-Canada relations
11:01 Fed meeting in 2025
13:50 Extend and pretend
14:57 Collusions of the banking sector
17:33 Nomi’s concerns

Nomi Prins is an American author, journalist, and Senior Fellow at Demos. She has worked as a managing director at Goldman-Sachs and as a Senior Managing Director at Bear Stearns, as well as having worked as a senior strategist at Lehman Brothers and analyst at the Chase Manhattan Bank. Prins is known for her books All the Presidents’ Bankers: The Hidden Alliances that Drive American Power, Collusion: How Central Bankers Rigged the World and Permanent Distortion: How the Financial Markets Abandoned the Real Economy Forever. She publishes articles on her Substack which is called Prinsights. 

  banking crisis, banks, economy, Fed, gold