Part 4/8:
As the discussion progresses, Dow addresses the growing credit risk in the banking sector, particularly concerning commercial real estate. Highlighting recent statistics from the Federal Reserve regarding banks "extending and pretending," he predicts a wave of loan write-offs that could have far-reaching implications for both the banking sector and homeowners. This realm of credit risk is framed as the next stage of economic turmoil, especially following the previous duration risk crises.