A self-taught independent analyst named Nick Nemo is making a case that 29 of the top 30 U.S. life insurers are technically insolvent without reinsurance credit that may not actually exist. The man who bet against subprime mortgages in 2008 is calling it a potential great financial crisis. The forensic accountant who spent 41 years inside the industry agrees. And Vermont passed a law making the books confidential — even under subpoena.

Meanwhile the Iran ceasefire everyone celebrated lasted about 10 minutes before Israel launched 100 strikes in Lebanon. The Strait of Hormuz still isn't open. Iran is charging a million dollars a ship to pass through what used to be a free international waterway. Both sides are claiming victory. Someone is lying.

Eric breaks down both stories this week: raw, unfiltered, and straight from the data.

🎧 Listen now. Share it. Start a conversation.

👉 Connect with us!

Website: https://stlouispodcast.com/
Facebook: The St. Louis Podcast
Instagram: @stlouispodcast 
Twitter: @stlouispodcasts
Tik Tok: @stlouispodcast