Latest news with #SteveEisman
Yahoo
11-07-2025
- Business
- Yahoo
'Big Short' investor Steve Eisman is begging people to stop worrying about the US debt
"Big Short" investor Steve Eisman wants people to stop fretting over the US debt. The 10-year US Treasury yield tells markets the situation is fine, he said. The famed investor said too many people were trying to look for the next "Big Short." Steve Eisman wants people to please stop talking about the US debt. "The Big Short" investor said he was tired of being asked about his outlook for the US debt, and that the budget deficit is probably fine . He said the noise now is probably from people who are trying to replicate the success of investors, including himself, who successfully bet against the housing market in 2008. "You know what I have to say about all this? Just stop. God's sake," Eisman said when asked about the US debt on CNBC this week. "I'm going to say this. Maybe it's a little too obnoxious, but I can't help myself. It's just so — how many times do I get this question? People want to be me. They want to predict the end of the world. And I have news for all of them. The position of Steve Eisman is taken." Eisman, who is best-known for betting against the housing market during the 2008 subprime mortgage crisis, described himself as an optimist. Speaking on the budget deficit, he pointed to the 10-year US Treasury yield, which is the benchmark government bond. This embedded content is not available in your region. The 10-year yield has whipsawed this year amid concerns about President Donald Trump's tariffs and the GOP tax and spending bill, which is expected to add nearly $3 trillion to the deficit over the next decade, according to the Congressional Budget Office. But the yield has been mostly "directionless" when viewed since 2022, Eisman said. That's a sign that the market isn't seriously losing faith in the US fiscal position. "Again, I think the reason is there's no alternative to Treasurys. If there was a real alternative to Treasurys, then all this stuff about the deficit is something I would pay attention to. But because there's no alternative, there's nothing to talk about," Eisman added. Markets have paid close attention to the demand for US Treasurys, as weak demand could signal investors no longer view the bonds as safe-haven assets. But demand at recent Treasury auctions has mostly been strong, including for the latest 10-year Treasury auction on Wednesday. While he's most famous for his bearish call on the housing market leading up to 2008, Eisman has been more upbeat lately. In a previous interview, Eisman said he had de-risked some of his portfolio but remained bullish on markets over the long term, given tailwinds like AI. Read the original article on Business Insider
Yahoo
11-07-2025
- Business
- Yahoo
'Big Short' investor Steve Eisman is begging people to stop worrying about the US debt
"Big Short" investor Steve Eisman wants people to stop fretting over the US debt. The 10-year US Treasury yield tells markets the situation is fine, he said. The famed investor said too many people were trying to look for the next "Big Short." Steve Eisman wants people to please stop talking about the US debt. "The Big Short" investor said he was tired of being asked about his outlook for the US debt, and that the budget deficit is probably fine . He said the noise now is probably from people who are trying to replicate the success of investors, including himself, who successfully bet against the housing market in 2008. "You know what I have to say about all this? Just stop. God's sake," Eisman said when asked about the US debt on CNBC this week. "I'm going to say this. Maybe it's a little too obnoxious, but I can't help myself. It's just so — how many times do I get this question? People want to be me. They want to predict the end of the world. And I have news for all of them. The position of Steve Eisman is taken." Eisman, who is best-known for betting against the housing market during the 2008 subprime mortgage crisis, described himself as an optimist. Speaking on the budget deficit, he pointed to the 10-year US Treasury yield, which is the benchmark government bond. This embedded content is not available in your region. The 10-year yield has whipsawed this year amid concerns about President Donald Trump's tariffs and the GOP tax and spending bill, which is expected to add nearly $3 trillion to the deficit over the next decade, according to the Congressional Budget Office. But the yield has been mostly "directionless" when viewed since 2022, Eisman said. That's a sign that the market isn't seriously losing faith in the US fiscal position. "Again, I think the reason is there's no alternative to Treasurys. If there was a real alternative to Treasurys, then all this stuff about the deficit is something I would pay attention to. But because there's no alternative, there's nothing to talk about," Eisman added. Markets have paid close attention to the demand for US Treasurys, as weak demand could signal investors no longer view the bonds as safe-haven assets. But demand at recent Treasury auctions has mostly been strong, including for the latest 10-year Treasury auction on Wednesday. While he's most famous for his bearish call on the housing market leading up to 2008, Eisman has been more upbeat lately. In a previous interview, Eisman said he had de-risked some of his portfolio but remained bullish on markets over the long term, given tailwinds like AI. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
10-07-2025
- Business
- Business Insider
'Big Short' investor Steve Eisman is begging people to stop worrying about the US debt
Steve Eisman wants people to please stop talking about the US debt. "The Big Short" investor said he was tired of being asked about his outlook for the US debt, and that the budget deficit is probably fine . He said the noise now is probably from people who are trying to replicate the success of investors, including himself, who successfully bet against the housing market in 2008. "You know what I have to say about all this? Just stop. God's sake," Eisman said when asked about the US debt on CNBC this week. "I'm going to say this. Maybe it's a little too obnoxious, but I can't help myself. It's just so — how many times do I get this question? People want to be me. They want to predict the end of the world. And I have news for all of them. The position of Steve Eisman is taken." Eisman, who is best-known for betting against the housing market during the 2008 subprime mortgage crisis, described himself as an optimist. Speaking on the budget deficit, he pointed to the 10-year US Treasury yield, which is the benchmark government bond. The 10-year yield has whipsawed this year amid concerns about President Donald Trump's tariffs and the GOP tax and spending bill, which is expected to add nearly $3 trillion to the deficit over the next decade, according to the Congressional Budget Office. But the yield has been mostly "directionless" when viewed since 2022, Eisman said. That's a sign that the market isn't seriously losing faith in the US fiscal position. "Again, I think the reason is there's no alternative to Treasurys. If there was a real alternative to Treasurys, then all this stuff about the deficit is something I would pay attention to. But because there's no alternative, there's nothing to talk about," Eisman added. Markets have paid close attention to the demand for US Treasurys, as weak demand could signal investors no longer view the bonds as safe-haven assets. But demand at recent Treasury auctions has mostly been strong, including for the latest 10-year Treasury auction on Wednesday. While he's most famous for his bearish call on the housing market leading up to 2008, Eisman has been more upbeat lately. In a previous interview, Eisman said he had de-risked some of his portfolio but remained , given tailwinds like AI.
CNBC
08-07-2025
- Business
- CNBC
'Big Short' Trader Steve Eisman breaks down one reason investors shouldn't worry about deficits
Steve Eisman, the investor who called the subprime mortgage crisis, said fears of the massive size of the federal budget deficit may be overblown. President Donald Trump's One Big Beautiful Bill Act signed last week added to investor concerns about the fiscal trajectory of the country and future government borrowing. The bill includes trillions of dollars in tax cuts, increased spending for immigration enforcement and large cuts to funding for Medicaid and other social programs. The independent Congressional Budget Office has said the bill could add $3.4 trillion to the $36.2 trillion of outstanding U.S. debt over the next decade. 'The Real Eisman Playbook' podcast host and former Neuberger Berman senior portfolio manager takes solace in the 10-year Treasury yield, however, which would be expected to move in reaction to the country's worsening fiscal health. Instead, the benchmark rate has been directionless since December 2022, Eisman said. "If there was a real alternative to Treasury, then all of this stuff about the deficit is something that I would pay attention to. But as long as there's no alternative, there's nothing to talk about," Eisman said Monday on CNBC's " Fast Money ." US10Y 1Y mountain 10-year Treasury yield over the past year. Investors fear the tax-and-spending bill could put upward pressure on bond yields that already face inflationary concerns from rising tariffs. As the U.S. issues more debt to pay for the bill, increased supply could weigh on prices and raise yields. Widely-followed Eisman also isn't paying close attention to the valuation levels for stocks, which have risen significantly as the market recently climbed to record highs. "What broke the internet bubble was not valuation. What broke the internet bubble was a recession that caused some of these companies to go bankrupt and to do badly," Eisman said, referring to the late 1990s boom that came crashing down starting in 2000. "So until there's something really bad happening, like a trade war, which is still a possibility, the valuation is not something I really pay that much attention [to]."
CNBC
07-07-2025
- Business
- CNBC
‘Big Short' Trader Steve Eisman: 10-year yield is evidence budget deficit size doesn't matter
Steve Eisman, Host of 'The Real Eisman Playbook', joins 'Fast Money' to discuss why he believes worry over the size of the U.S. budget deficit are over blown.
