‘Big Short’ Investor Steve Eisman Shrugs Off Warnings on US Deficit, Stocks

Investor known for ‘Big Short’ bet is upbeat about US markets
Suggests deficit worries overblown, countering Taleb, Rubin

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By Denitsa Tsekova and Alexandra Semenova

January 30, 2024 at 8:36 PM UTC

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Steve Eisman, best known for his “Big Short” bet against subprime mortgages, said he’s now “more long-oriented” on the US market despite others’ deep concerns about ballooning federal deficits and crowding in stocks.

The Neuberger Berman Group portfolio manager said there’s no real sign that elevated US debt poses a problem for markets or the US government. He’s equally sanguine on equities, despite the parallels that some perceive between today’s market and the dot-com bubble era.