Steve Eisman, the investor known for predicting the financial crisis as depicted in 'The Big Short,' told Bloomberg TV the bond market will be hit the hardest in the next recession.
Steve Eisman, the investor known for predicting the financial crisis as depicted in"The Big Short" book and movie, thinks the bond market will be hit the hardest in the next recession, the money manager told Bloomberg television on Thursday.
If a recession hits, people will lose money in the bond markets because there is so much less liquidity, he said. Eisman predicts big losses in triple-B corporate debt and high-yield. However Eisman doesn't think this is a systemic problem. He qualified his fears by saying that since 2016"I think the financial system in the United States is safe."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A U.S. recession will knock this asset class hard, says Steve Eisman of ‘The Big Short’ fameOur call of the day, from Steve Eisman, a hedge-fund trader who made money in the financial crisis by betting against risky mortgage products engineered by...
Read more »
‘Big Bang Theory’ showrunner Steve Holland on ending the series: ‘Finales are hard’'The Big Bang Theory,' TV's longest-running multi-camera sitcom ends later this month. “Everyone is trying to enjoy this as much as they possibly can,” showrunner Steve Holland says. “I think we’re all incredibly aware of what a special thing this is.”
Read more »
N. Korea launches 'barrage' of short-range projectiles into the Sea of JapanNorth Korea launches 'barrage' of short-range projectiles into the Sea of Japan, American and South Korean military officials confirmed to ABC News on Friday evening.
Read more »
N. Korea launches 'barrage' of short-range missiles into the Sea of Japan: OfficialsNEW: Pres. Trump tweets response to North Korea's short-range missile launch: 'Anything in this very interesting world is possible...He also knows that I am with him & does not want to break his promise to me. Deal will happen!'
Read more »
North Korea fires several short-range projectiles, South Korean military saysThe action is likely to raise tensions with Washington but not break Pyongyang’s self-declared moratorium on ballistic missile tests.
Read more »
North Korea launched a short-range missile, South Korean military saysNorth Korea launched a short-range missile Saturday morning, South Korea's joint chiefs of staff said, according to South Korea's Yonhap news outlet.
Read more »
North Korea fires short-range missile, authorities confirmSouth Korean and U.S. authorities are in the process of analyzing the details concerning the missile launch, a South Korean military official told NBC News.
Read more »
North Korea fires an unidentified short-range missileSEOUL, South Korea (AP) — North Korea on Saturday fired an unidentified short-range missile from its eastern coast, the South Korean Joint Chiefs of Staff said, a likely sign of Pyongyang's...
Read more »