The Compound and Friends

The Next Big Short is the Trade War

59 snips
Jun 13, 2025
Steve Eisman, renowned investor and host of The Real Eisman Playbook, shares insights on economic trends and his experiences predicting the financial crisis. He dives into the current U.S.-China trade tensions and their impacts on major corporations like Apple. The discussion covers the effects of factors such as tariffs, 'sneakflation', and the balance of power in the financial sector, all while reflecting on broader implications for investors. Eisman's sharp observations make the complex dynamics of today’s markets both engaging and enlightening.
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ANECDOTE

Longsword Gift and Competition

  • Steve Eisman recounts gifting his son a sword for longsword competitions.
  • His son competes globally and is ranked 250 among 10,000 participants worldwide.
INSIGHT

Eisman’s Flexibility and Crisis Insight

  • Eisman distinguishes himself by shifting from bearishness after the financial crisis.
  • He acknowledges the government’s ignorance during the 2008 crisis, contrary to his expectations.
INSIGHT

How Subprime Loans Worked

  • Subprime loans were designed with teaser rates making repayments unsustainable.
  • Loan originators profited on refinancing fees causing debt cycles with no principal paydown.
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