Wall Street’s $620 Billion Crisis—Nomi Prins on Recession, Gold, and What’s Coming Next

Wealthion - Be Financially Resilient · Mar 27, 2025 · 43m

Economist, financial expert, and bestselling author Dr. Nomi Prins sits down with James Connor and dives deep into the economic storm clouds she sees gathering over Wall Street and Main Street alike. With Wall Street sitting on a “hidden” $620 billion ticking time bomb of loan losses (levels not seen since 2008), the risks of another banking crisis are mounting. Nomi explains why persistent inflation, record consumer debt, and tariff uncertainties are increasing the threat of a consumer recession, putting the economy at significant risk of stagflation. She reveals how the Fed’s next moves…