The Real Eisman Playbook Steve Eisman Shares the Real Story Behind Predicting the 2008 Crash
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Aug 11, 2025 Melissa Lee, a seasoned CNBC anchor, interviews Steve Eisman, renowned for his predictions surrounding the 2008 financial crisis. They dive into the current state of the U.S. market, discussing trade dynamics and economic uncertainties. Eisman reflects on his early career and the impact of The Big Short, sharing personal insights into the ethical decline during the subprime mortgage crisis. He also highlights warning signs of upcoming financial challenges while stressing the importance of regulation in crisis prevention. Plus, they explore the nuances of national deficits and the U.S. dollar's position.
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US Long‑Term Bull Case
- Steve Eisman is very bullish on the U.S. economy long term due to dynamic technology and industrial sectors.
- He highlights that information technology is ~31% of the S&P and tech-like firms push U.S. concentration past any other country.
China Trade Is The Biggest Market Risk
- Eisman warns a massive U.S.‑China trade war would derail markets and the economy.
- He acknowledges other countries matter but calls the decisive risk U.S. versus China.
AI Growth Can Happen Outside China
- Eisman believes the AI investment story can succeed even without China because demand and chip supply remain large.
- He admits China would improve outcomes but sees an ex‑China AI pathway as viable.
