Steve Eisman Talks US Election, Fed Policy and Crypto

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Neuberger Berman Senior Portfolio Manager Steve Eisman, best known for his “Big Short” bet against subprime mortgages, discusses the potential economic impact of the 2024 US presidential election, Federal Reserve monetary policy and his view on cryptocurrencies and AI during an interview on Bloomberg Television.
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Опубликовано:

5 июн 2024

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Комментарии : 318

@borat3746 29 дней назад

This interview just proved how good actor Steve Carrell really is

@Four_Eyes 29 дней назад

Eisman really likes himself.

@acornsucks2111 29 дней назад

You like the basement, so what.

@Fenris__ 29 дней назад

Eisman is just brilliant, I appreciate this spotlight

@Tradernotahater 29 дней назад

Everyone should be so lucky as to like themselves that much. He deserves it, man is brilliant.

@JimJamJuicy 29 дней назад

1 trillion in interest on debt every 100 days is not an issue? Guys self love has softened his brain

@smsmoof8128 28 дней назад

@@JimJamJuicy His eccentricity is what made him win in the 07-08 mortgage crisis but he did it with data, so did Michael Burry ... Eisman lives in NY/Wall St bubble and even admits he is not an economist. He doesnt feel what the US Common Man is going thru right now, there will be h?ll to pay for Wall St/Fed/Govt/Bankers before this is all over ... jmo.

@kiwoongpk91 29 дней назад

Steve: “basically y’all are wrong and I’m right, because I was right in 2008”

@izaccy 11 дней назад

Just like Michael Burry, LMAO

@kiwoongpk91 11 дней назад

@@izaccy I’m aware of who he is Most people, possibly you included, just have no idea how he got lucky ONCE lol

@petejams7340 29 дней назад

No need for elections. This guy has all the answers. Lol

@chrischoir3594 28 дней назад

No need for election because the Dems will cheat

@gdiwolverinemale4th 25 дней назад

On that one he is actually right .... but wrong about about everything else

@GEB-yy3ud 20 дней назад

Truth hurts

@cnsmiles 26 дней назад

wow i thought steve carrol’s depiction of him in the Big Short was exaggerated. spot on. I’m stealing the Moses line. that was hilarious.

@andrew9913 28 дней назад

Steve is a great guest because he is very clear on his opinions and predictions. He’s not afraid to share his views and you have to respect that.

@gdiwolverinemale4th 25 дней назад

Some people really do not care if they come across as silly

@user-cm1ld9cn5m 29 дней назад

Beware/ignore the man who thinks he has all the answers, is the smartest person in any room, and never lets the other person finish a sentence.

@Dpaq13 29 дней назад

Welcome to New York, nobody has time to finish

@Johnny_Utah 22 дня назад

At least this guy gives actual opinions, a lot of guests don’t

@brianwhitehawker1756 24 дня назад

I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement. I'm seeking to invest $200K across markets but don't know where to start.

@yeslahykcim 24 дня назад

The professionals presently control the market since they not only have the essential business strategy but also have access to inside information that the general public is not aware of.

@Jadechurch-ql3do 24 дня назад

You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst.

@lucaswilliams9992 24 дня назад

Please can you leave the info of your lnvestment advsor here? I’m in dire need for one

@Jadechurch-ql3do 24 дня назад

Laila artine kassardjian' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

@geraldt331 24 дня назад

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

@parkerpkthn 29 дней назад

His marvel comments are spot on

@FloridaBard89 29 дней назад

Absolute fantastic Tv. Loving hearing what Steve Eisman has to say.

@gdiwolverinemale4th 25 дней назад

You obviously like comedy shows

@gen-X-trader 29 дней назад

He really should have stopped after the big short. He had his major win, it's kind of been all downhill since then with rambling, being wrong, more rambling

@AmitKumar-tg7of 29 дней назад

I thought his power ancillary idea is just amazing

@jaredaleman3682 26 дней назад

Please share how he has been wrong. He was correct during the SVB scare in 2022…he said it was nothing to care about. I bought alot of stock and made a lot of money thanks to his input…

@s1dest3p 25 дней назад

@@AmitKumar-tg7of What was the idea? I missed it I think

@petejams7340 29 дней назад

For every guest on this show who says one thing there is another who will say the complete opposite.

@NoNo-ng9sl 29 дней назад

It's sort of like people have different opinions & thoughts on a particular subject. Hmmm

@MadhavSharma-xj5hi 29 дней назад

That's what puts a market on equilibrium

@MadhavSharma-xj5hi 29 дней назад

If you have the government, for example, limiting the ability to sell stock, everyone will be bearish and the market will not be at an equilibrium.

@TheGreekGodOfWallStreet 29 дней назад

2 sides to every issue, control the narrative

@MadhavSharma-xj5hi 29 дней назад

@@TheGreekGodOfWallStreet no one controls the narrative when it comes to the federal debt. That market is too large and relies heavily on foreign governments.

@marcobolo2513 26 дней назад

Sounds like Eisman knows very little about the fundamentals of Bitcoin…comparing it to Stocks or other assets shows his knowledge of Bitcoin is lacking

@bicuriousgeorge1649 13 дней назад

Yeah, but plenty of Bitcoin haters talked this way and then came around, like Kevin O'leary.

@EndDims 12 дней назад

He knows very little about many things, it seems. He said he is not an economist and he is definitely correct. I used to have the same criticism of Bitcoin as he did, but then I spent 5 minutes of research and learned better. He apparently doesn't have the ability to do that.

@mitchmccracken3050 29 дней назад

Steve is great :)

@danemehring1029 25 дней назад

Steve Eisman got more fired up talking about Marvel than the economy lol

@Javalipapere 24 дня назад

He is entertaining to watch and listen

@TmcksnT 26 дней назад

Ironically, in 40 years consumer and asset prices have sky rocketed. Deficit doesn't mean the country will explode but it does mean some people will be and were robbed of their earned wealth

@gdiwolverinemale4th 25 дней назад

Deficits mean that one day in the future ... things will suddenly go south .... and somebody else is going to take over

@TmcksnT 25 дней назад

@@gdiwolverinemale4th Untill then , citizens make it sustainable by having their wealth be inflated away. It's when foreigners rebel against their wealth being inflated away that you get what you're talking about

@gdiwolverinemale4th 25 дней назад

@@TmcksnT That is an oversimplification. Firstly, there is a continuous adjustment to prices both internally and externally. Secondly, there is the psychology of security and trust in the USD amongst the money managers. But the day will come when for one reason or another the trust will be broken because the debt is going in only one direction.

@TmcksnT 25 дней назад

@@gdiwolverinemale4th ofc it's an oversimplification, it's a YT comment. You keep focusing on the debt. This is missing the point. The government can get rid of the debt if it wants to tomorrow. It could print a zillion dollars and trust me that debt to GDP will go right down to 0 next year. But they can't do that overnight, it's too obvious. So they'll do it gradually, like they have been. So that ratio can actually go down and has been going down recently tbh. It's called financial repression. Until it gets noticed (asset bubbles) and they have to slow repression down and let the debt build up again. It's a balancing act Yellen and Powel do

@gdiwolverinemale4th 25 дней назад

@@TmcksnT It is like solving a problem by drinking poison. Yes, they can print as much as they want. What happens when they create $36 trillion out of thin air to pay the bondholders? As you hopefully know the US GDP is $25 trillion. Both the internal and external markets would inflate the prices by 150%. Then the value of the US economy shrinks by the same percentage. Pay attention, international trade is done in US$ but in China they trade in Yuan. They don't follow the instructions from the FED. The US can play games with itself, but not with the world. btw China is buying gold like there is no tomorrow

@gauravsc 13 дней назад

I love his analysis on economics and everything, but also find it cute the way he drops the word "APP", as if he understands what an APP is.

@dinosaurdude5668 12 дней назад

Steve is the best.

@issenvan1050 27 дней назад

How would his ideas play out during a recession?

@georgemaximus694 29 дней назад

Microsoft has a new app called co pilot which is AI. Not sure how popular that’s been going.

@syedarmaghanhassan4652 29 дней назад

It is a treat to listen to Eisman, there is no doubt about that!

@capri2673 26 дней назад

Eisman thinks so, too.

@syedarmaghanhassan4652 26 дней назад

@@capri2673 hahaha

@lucastos79 29 дней назад

Owns 11000 digital comic books. Doesn't like Bitcoin....

@MrJbennett321go 29 дней назад

I know right!

@tuckerbugeater 22 дня назад

@@MrJbennett321go he doesn't know it's intrinsic value

@Nordien1978 29 дней назад

This guy is funny in his description of the markets. Oy the deficit and Jerome Powell like Mozes coming down the mountain with the 10 commandments had me laughing.

@EndDims 12 дней назад

He's entertaining. An idiot, but entertaining.

@anthony9971 22 дня назад

couldnt agree more on the political and market analysis.

@issenvan1050 27 дней назад

Why no timestamps?

@raoultesla2292 13 дней назад

Eisman is one of the last real voices.

@MrJbennett321go 29 дней назад

I agree with much of what he says. While he makes a good case against Bitcoin. How can its 5,10 and 15 year performance be denied?

@agrippamarcus6533 29 дней назад

Strangely or not so surprisingly, Steve Eisman started to look like and talk like Michael Rappaport since Oct 7

@issenvan1050 27 дней назад

What does he mean by “infrastructure?”

@oscarderuijter7670 29 дней назад

great commercial

@fhowland 27 дней назад

Love Eisman, he's SO right about everything here! Trump 2024!

@mazyarestaki1709 23 дня назад

The fact that Eisman says the deficit don't matter is that the best indication that this time the debt problem is different.

@vikz569 29 дней назад

14:44 Stive just nailed it lol

@SimonTemplarDude 29 дней назад

Wow she was aggressive, I loved it ❤️❤️❤️

@zk9964 29 дней назад

Steve you had me until you said "The economy is fine" Respectfully it is not fine, the massive machine just takes a long time to reflect itself. I do agree though phones/tablets/etc will have a dedicated AI or machine learning silicon on them. Interesting to see Apple's M4 announcement today.

@KK-pm7ud 25 дней назад

I agree with him on Marvel but disagree on the last Guardians movie.

@alittlehelp812 21 день назад

Really.?....even the sound track sucked. Smh.

@winstonvinay613 29 дней назад

love this guy s take on current market

@RJeffreySmall 14 дней назад

I can't believe all the haters on here. It's speculative investing, dude. This guy knows his facts and makes his bets. Don't hate him cause he is smart.

@ongaga9 29 дней назад

Sounds like he is speculating about speculating with apple.

@ananthoct08 14 дней назад

Oh, I'll be back here in november. Let's catch up Eisman

@larryh9525 29 дней назад

Eisman sounds just like Bill Miller did in the scene from The Big Short. The entire sub-prime situation was based on the theory that home prices nationally have never declined. His theory is that just because others have been early there isn't an issue below the surface. Sub-prime wasn't an issue until Lehman's failure triggered the CDS contracts that AIG couldn't pay and the entire system went from OK to the brink of failure in a few days.

@gdiwolverinemale4th 25 дней назад

Like the FO of Titanic .... everything is well Sir ... we have not hit that iceberg .... yet

@nicholas5396 25 дней назад

One of the many low hanging but lucrative probable ai revenue streams will be ai personal assistants who make life easier but at the same time monetize your information mores so than before by also utilizing ai to better predict how to sell and market to the users. Just a guess based on how things have played out since the internet and smart phone revolutions.

@prospectnyc 28 дней назад

This guy is a regular comedian.

@dbanks128 21 день назад

Didn't think I would like this interview. I like his common sense take on everything

@issenvan1050 27 дней назад

Use timestamps.

@rozezard862 29 дней назад

The price of T-shirts go up? No!!

@Sonofawildanimal4241 28 дней назад

ECONOMY IS GREAT!

@Floridaloanpro 17 дней назад

Based Steve! Smart man

@yonatanalony4233 29 дней назад

His take on bitcoin is great!

@CokeBoyJay 12 дней назад

This aged well

@Heiligenstadt1770 29 дней назад

Where did they find this guy 😂

@ordinaryhuman2511 28 дней назад

Might be a bit full of himself, but I guess you deserve that when you predict and short the housing bubble.

@Heiligenstadt1770 27 дней назад

@@ordinaryhuman2511 Indeed! Appears Steve Carrell didn’t do this guy justice!

@jaredaleman3682 26 дней назад

If you’ve done any homework on the guy, you’d know he’s almost always spot on with his comments. He’s not perfect as no investor is but he’s fantastic. I literally base my biggest portfolio decisions on his ideas and have done excellent

@Heiligenstadt1770 23 дня назад

@@jaredaleman3682 thanks so much for schooling me! If you peg your portfolio decisions on this one guy’s thesis, you’re undoubtedly sitting on a lot of dry powder. Fortunately real PMs who manage actual money don’t allocate based on one guy’s bulls eye, over a decade ago. Wise thoughts though. Make sure you file those paper gains 🥂

@1283907 29 дней назад

Did he really said that during the real estate convention like Ryan Gosling described?

@seangill83 15 дней назад

Yes, that is pretty much how it happened according to Michael Lewis's book The Big Short

@albinothug 22 дня назад

So much higher.

@jonhart-dj7fn 29 дней назад

Warren Buffett wants a boiled egg as usual?..

@Tradernotahater 29 дней назад

When you hear Steve Eisman talk, you are listening to an individual who has been reading and educating himself continuously for nearly his entire life and it shows. He is truly brilliant.

@gdiwolverinemale4th 25 дней назад

Yeah ... those who claim everything is well ... are right .... until proven wrong big time

@oregonpsychedelic1186 29 дней назад

does he not understand server-side computing?

@syedarmaghanhassan4652 29 дней назад

Exactly. AI chip isn't going to do the computatation on the Phone or in the app. The phone, the AI App is still going to use servers to do the computqtions, which are done on the NVIDIA'S $40,000 H100 chip (which by the way Elon Musk loves and said will double the Orders till the end of this year). Are phones going to have that 40k$ chipsnon them? Is it a joke? Mr. Eisman should really learn a thing or two about technology snd chips... Warren Buffet is selling apple (11% of its stake), and Eisman is buying it 😂

@Johnny_Utah 22 дня назад

If you want to (for privacy reasons, whatever) you can already run llama3 locally on your PC It’s not so far fetched that it could run on a cellphone (tho it might not be great for battery life right now)

@syedarmaghanhassan4652 21 день назад

@@Johnny_Utah no not really.. it will never provide update info unless it uses the processing speeds only possible through expensive chips and compjting speeds at server side. It can only save 1 GB or so Memory (or whatever your cell phone has to offer). It will only delived that saved info, and not what actuallay has been changed now or todsy in this dynamic world. So it may be good for 2 days. And then you need to keep updating all the time. So the very idea is a failure

@lnd3005 22 дня назад

Fed shouldn't cut this year

@1da_ 29 дней назад

Can’t believe he’s a senior portfolio manager lmaooo

@zsazhamardavis4816 29 дней назад

For any and every investor ask yourself how did this guy go from realizing the market was fraudulent to jumping back on Wall Street’s team?

@VonKirda 24 дня назад

If this was cnbc, we would see the stock priceof "kwata?" Onscreen

@relaxingsilentfilms-LosAngeles 14 дней назад

Smart man

@issenvan1050 27 дней назад

Why does he constantly ask questions (then answers them)?

@capri2673 26 дней назад

Cos he's full of himself. I couldn't listen to more than 10 seconds of him talking in that ridiculous way.

@LukeAdam-Jones 22 дня назад

It seems like a solid way to generate extra income, but I wonder how it would affect one's portfolio in the long run.

@EndDims 12 дней назад

Eisman: "I'm not an economist" Eisman: proceeds to say really stupid things about the deficit Well he didn't lie.

@MegaPapa8888 25 дней назад

Very difficult to pin Eisman down. He will bet on both sides.

@427vot 11 дней назад

My college educated kids have lost hope of home ownership. Rent stretches them to the breaking point often and they need help. Steve is part of the financial machine that is driving the conditions my family is living with. This guy's is dip 5hit.

@EndDims 12 дней назад

If I was an investor in any fund this guy manages, I would definitely dump it after this interview.

@Ducotevision 25 дней назад

They must’ve needed to boost ratings…

@MiguelRoque123 13 дней назад

Deficits dont matter because they have been wrong for 40 years?? Well, public debt kinda went from 40% of gdp to 120% 😂

@josephbrady9784 29 дней назад

Gotta work in the anti American constitution disinformation.

@chrismullarkey3181 25 дней назад

Eisman doesn't understand Bitcoin nor does he understand the competition GPUs will soon face.

@i_i8924 24 дня назад

Guardians of the Galaxy 3 was great and the next big story was KANG but we all know what happened there. Do agree not having the Big 3 hurts Marvel and now they have to recast KANG too. Thor 4 sucked pretty badly.

@dalepetersen1166 11 дней назад

Im still appauled by January 6

@amarkmanpeters 29 дней назад

Fix Siri first

@jonhart-dj7fn 29 дней назад

Press 123 if received 😅

@rolandnelson6722 26 дней назад

That ladies and gentlemen is a master class.

@gavinmc5285 9 дней назад

AI Weather Update: ☁️

@MarketMaker23 25 дней назад

No one is talking about the coming debt crisis. Neither candidate for POTUS is capable of constraining government spending and so the debt will remain an intrinsic risk of catastrophic failure. Our children will be saddled with all this wasteful spending and future generations will incur taxes above 50%

@seangill83 15 дней назад

I think you are right, but Eisman didn't exactly say there isn't a coming debt crisis, he just said it's too early to really talk about (for investing purposes). Don't know if anyone else caught on but I think his seemingly arbitrary number of "40 years early" was actually not arbitrary, as you said our children will be saddled with this ever increasing debt and it will likely become a serious crisis when they become adults.

@user-ol4hw4xe5y 29 дней назад

Эти заносы просто разносят)) и часто тебе так залетает вообще?

@dannieduplessis2432 29 дней назад

I love this guy....finally somebody with intelligence and honesty that of course nobody will like and bet againts him and lose. He is rarely ever wrong with very good reasons. I dont like Trump but he is better for America than what they have now....surely...Biden is so incredibly corrupt and somehow is allowed to get away with it whilst doing everything he can to hang Trump. On that alone, Biden will get protest votes on what he has done to Trump. Bring on a new revolution and a new era for American politics.

@Whale15 13 дней назад

Half the comments are so butt hurt that he said Trump was going to win.

@Ducotevision 25 дней назад

The deficit isn’t an issue…. Then every America shouldn’t have to pay back their credit debt…. Or any debt at that matter….

@xistcrypto Месяц назад

8:30 out of touch

@amdave76 29 дней назад

I like this dude. I believe he had a child die as an infant. Can't fathom the pain he must have experienced. It is good to see he is out there doing things.

@MrZerged 17 дней назад

Wow! Here’s a man you can’t trust your money with!

@WinStrong85 23 дня назад

Just like anything else, the deficit is not a problem until it is.

@bobbykanae 29 дней назад

This Eisman doesn’t seem to realize the economy is not great for everyone. Its great if you’re rich and own assets. For most people its awful. Bitcoin is the only edge most poor and middle class people have, if they’re smart.

@Fenris__ 29 дней назад

He is not wrong though that Bitcoin has been very correlated with the market so far. It's not a hedge it was supposed to be.

@bobbykanae 29 дней назад

@@Fenris__ correlated to the highest performers. BTC is up almost 4x since dec 2022 while gold is only up 35% since the same bottom in dec 2022. Every year people say BTC is either too volatile or not a hedge against inflation. I don’t know what else to tell you besides look at the numbers. BTC is only .2% of the global market share and its outperformed almost all asset classes every year. Its still early… just look at the numbers and not people’s opinions.

@syedarmaghanhassan4652 29 дней назад

11:00 Well Mr. Eisman, with all due respect, who do you think is going to make those AI GPU Chips for phone companies? NVIDIA 😅 And sorry to disappoint you, but it is NOT just going to be apple. DOJ won't let thst happen. It is actually going to be every single cheap mobile phone company who will be having the access to these chips to be able to support the AI Apps on phones they are selling. Apple will always be a bit better and faster, but not the only one. What does it mean for apple? Tremendous Competition, like what happened with Payapl. What does it mean for apple's profitability? Same what it did for Paypal. You see, apple, is not a new technology company. It is a 40 years old company making 30 years old device: mobile phones, with newer versions of technology, and it has a lot of competition. Translation: Sell apple and don't buy it, as it has proven that it isn't growing income as fast

@AboveTheClouds87 29 дней назад

He is right, the last guardian of galaxy movie was unwatchable lol

@jonhart-dj7fn 29 дней назад

Is Warren Buffett ready to eat?

@timmanto1022 28 дней назад

I hope Google starts to expand its OS and chromebook market. I think Google could eclipse Microsoft.

@Jut_tc 29 дней назад

Eisman so hilarious🤣🤣🤣🤣

@nathanpruitt572 26 дней назад

"We are living with 5% rates just fine right now." This guy is outts touch with anything close to reality. I can't believe these are the folks we get to listen to.

@sirusvirus9650 19 дней назад

Broken Clock ⏰ of 2008 still ringing the Alarm bell 🔔for attention... He is acting as if Michael Burry followed his trades 😂

@brycejohansen7114 25 дней назад

I think he's not showing his hand and Guardians of the Galaxy 3 was one of only good film Marvel has made recently.

@heatforever731 29 дней назад

This guy sounds like he knows the futures and that he’s God lol clown

@punk6119 27 дней назад

Lost all credibility when he said G3 was unwatchable. Also, Quanta is not the only utility contractor. There are a ton of them. Utilities do so much contracting because there's just too much work for their own crews.

@telluwide5553 28 дней назад

I would love it if all these "experts" who predicted the 2024 election and got it wrong would be called back, regardless of who wins.... Although, I do like his "Oy deficit" people...