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Steve Eisman’s Playbook for the AI & Infrastructure Boom | #544
Today’s guest is Steve Eisman. Steve is most famous for his bet against the US housing market before 2008 and his role in Michael Lewis’ book, The Big Short. He’s now a portfolio manager at Neuberber Berman. In today’s episode, Steve talks about the three themes he sees driving markets today: AI, infrastructure and crypto. He explains why he’s a believer in the first two, but not crypto. He also shares his take on the upcoming election and how that may impact markets.
Key Points
- Steve Eisman highlights the potential slowing of consumer spending but remains optimistic about the overall health of the US economy.
- He emphasizes that the Federal Reserve's actions are less influential on the economy than many believe, viewing the current market focus on the Fed as overblown.
- Eisman discusses the early stages of AI adoption in corporate America, noting that most companies are still in the process of cleaning up their data to fully utilize AI's potential.
Chapters
| 1:05 | |
| 3:13 | |
| 8:08 | |
| 14:15 | |
| 17:43 | |
| 22:39 | |
| 27:15 | |
| 29:57 |
Transcript
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