The Eisman Playbook Twitter Spaces-The Noble Update: Steve Eisman on Financial Markets, Housing, AI, and Comic Books
May 18, 2025
Steve Eisman dives into the unpredictable world of financial markets, discussing everything from housing trends to the escalating federal deficit. He shares insights on the role of AI in shaping the economy and expresses skepticism towards cryptocurrency investments. The talk takes a lighter turn as Eisman reveals his favorite comic books, blending personal interests with financial insights. From analyzing tech giants like Apple and Google to concerns about commercial real estate, the conversation balances complex economics with engaging storytelling.
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Transcript
Episode notes
Ignored Warning to Morgan Stanley
- Steve Eisman tried warning Morgan Stanley about risky subprime bets before their collapse.
- His warnings were ignored, and the key executive fled just as the crisis hit, validating his concerns.
US Economy Dynamic Yet Uncertain
- The U.S. economy is dynamic and resilient, driven by AI and infrastructure growth.
- Headlines cause market volatility now; long-term investment decisions require clarity on trade negotiations.
Unseen Risks in Private Debt
- Consumer credit quality currently shows no significant warning signs despite student loan defaults.
- Lack of data in private debt markets makes it difficult to assess true credit risk today.
