The Real Eisman Playbook

The Housing Market is Broken: Why Homes Are Unaffordable & What It Takes to Fix It | The Weekly Wrap

61 snips
Dec 5, 2025
Steve Eisman dives into the recent market rally and the limits of the Fed's interventions. He highlights the housing affordability crisis, pinpointing local supply issues as major hurdles to building affordable homes. The discussion also touches on the current crypto correction, questioning its valuation fundamentals. Additionally, concerns about AI are raising anxiety in software stocks, particularly Salesforce. The episode concludes with insights into investment strategies comparing mutual funds and ETFs.
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INSIGHT

Fed Tinkering Moves Markets, Not Economies

  • The Fed's small rate moves are mostly market tinkering that don't change long-run outcomes.
  • Short-term Fed chatter still drives big market reactions and speculative positioning.
INSIGHT

Crypto Lacks Valuation Anchors

  • Crypto lacks traditional valuation metrics, so price moves reflect speculation and sentiment.
  • Without fundamentals, it's nearly impossible to identify a reliable bottom for cryptocurrencies.
INSIGHT

AI Fear Shrinks Software Moats

  • AI anxiety is compressing valuations of established software companies despite decent earnings.
  • The fear: AI may erode historical software moats by lowering software creation costs.
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