Insurance companies have quietly become one of the biggest sources of hidden risk in global finance. With trillions tied up in private credit and CLO exposure, cracks are starting to appear — and the same complacency that fueled 2008 is back under a different name.
In this segment from the McAlvany Weekly Commentary, David McAlvany breaks down why insurers are acting like shadow banks, how defaults are rising beneath the surface, and why trust is the first thing to vanish at the end of every financial cycle.
