Steve Eisman Says Trump Election Win Is 'Inevitable'

Neuberger Berman Senior Portfolio Manager Steve Eisman, best known for his “Big Short” bet against subprime mortgages, says the 2024 US presidential election won't have any real imact on the economy during an interview on Bloomberg Television.
--------
More on Bloomberg Television and Markets

Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: tinyurl.com/ysu5b8a9
Visit www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.

Connect with Bloomberg Television on:
X: / bloombergtv
Facebook: / bloombergtelevision
Instagram: / bloombergtv

Connect with Bloomberg Business on:
X: / business
Facebook: / bloombergbusiness
Instagram: / bloombergbusiness
TikTok: www.tiktok.com/@bloombergbusi...
Reddit: / bloomberg
LinkedIn: / bloomberg-news

More from Bloomberg:
Bloomberg Radio: / bloombergradio
Bloomberg Surveillance: / bsurveillance
Bloomberg Politics: / bpolitics
Bloomberg Originals: / bbgoriginals

Watch more on KZbin:
Bloomberg Technology: / @bloombergtechnology
Bloomberg Originals: / @business
Bloomberg Quicktake: / @bloombergquicktake
Bloomberg Espanol: / @bloomberg_espanol
Bloomberg Podcasts: / @bloombergpodcasts

[@RyanBBrown]

lol, this is a wildly subjective and lackluster take. Good click bait tho.

[@timelapsetv3869]

Liberal tears loading just like 2016.

[@HumbertoSIn]

these type of statements go both ways, he practically said nothing helpful.

[@944racer]

He speaks like someone who has never read a Bill of Materials for any manufactured products. Higher tariffs on Chinese imports would materially increase inflation, particularly in key drivers of the last CPI reading: New building construction and used car repair. Both rely extensively on Chinese parts & materials.

[@Sl1pstreams]

I think the average American, given the already high rates of inflation, would opt to at least get the benefits of more domestic production out of it.

[@brandoncomer6492]

“Some people are saying” Yeah “some people” said similar stuff in 2016 too. And then we had 3 of the strongest economic years in modern history before COVID hit.

[@ThomasShelby-xz2fk]

The Palestine protesters are not the face of the Democratic Party. I totally disagree with him.

[@bfrandsen1]

I think he is saying the protests will grow and there will be massive protests at the convention.

[@PlatoWrestling]

Why? I actually agree with him. He's saying they're quickly becoming the face of the party... And they are. What's wrong?

[@Sl1pstreams]

Very few Democrats have come out forcefully to condemn the protestors. Numerous Democratic politicians have come out to endorse and applaud them. To the average American, that's all that matters.

[@bfrandsen1]

@@Sl1pstreams Independents decide elections. All that really matters is what they perceive and how they vote.

[@Sl1pstreams]

@@bfrandsen1 Agreed. And they're not liking what they're seeing at the moment.

[@jamesm.3967]

He needs to stay in his lane. And political speculation isn’t his lane. 😮

[@tinadavis5360]

Remember half the population has had their rights taken away due to the GOP. He's forgetting women vote.

[@timelapsetv3869]

What is a woman?

[@HHHWLH]

Just can't understand why such a financial and investment wise Steve Eisman can be such a knucklehead and off base on politics.

[@richx9035]

Inevitable seems like a big call.

[@twyscape]

Low and middle class Americans are struggling to stay afloat. It does not matter who the ruling party is at the time of high interest, high inflation, high housing costs, high food costs to name a few, voters are going to vote for the other side during elections.

[@RM-nm3xn]

Not true. Trump will crash the economy by imposing tariffs that we the end user would end up paying and by bullying the Fed Reserve into lowering interest rates to zero for him and his rich friends to make more money on their stocks. These two things combined will create another crises. He initially caused the current inflation through his GROSS mismanagement of Covid, forcing Biden to have to clean that mess up! Educate yourself please.

[@ashog1426]

High inflation due to spending due to Biden in office. Logic leads you to it not I.... 100 billion to Ukraine and Israel millions of illegals etc etc lol the fact thar anyone votes Biden i dont get it.

[@PdfSend-qf4vp]

Greed of the people made this problem and the swamp that grew with it

[@JiangBee]

I don't know if he is right or wrong about the election but I certainly hope he is wrong.

[@greywhiteman5707]

I can't wait until Trump wins 😊

[@JustSomeDudeItWas]

I don't.

[@Steve7li]

I agree with Steve. We shall see.

[@joesoap8125]

Good scenario

[@garretdrake2347]

trump will lose.

[@k-cmasterpiece2347]

Pfffffffft

[@dweller6065]

It should not even be close. I am staggered that anyone in their right mind - who cares about democracy and wants to avoid a major escalation of clientele politics - would vote for Trump. It is baffling.

[@bfrandsen1]

It's really not when 60-65% of Americans are living paycheck to paycheck, personal debt at all time highs, and retirement savings rates at record lows. Millions of people are struggling to survive in the US right now. Every election is about the economy everything else is just fluff.

[@dweller6065]

@@bfrandsen1 Granted. But it is not as if Trump and the GOP will improve the lot of the ordinary person. Their focus is to improve corporate bonuses and therefore donations. I feel sorry for ordinary people in the US - your 2 major parties have been captured by corporations.

[@bfrandsen1]

@@dweller6065 That is all true but at the end of the day you are presented with 2 choices. 1- vote for the guy has been there the last 4 years or 2- the other guy. I understand why millions will choose the other guy.

[@Sl1pstreams]

​@@dweller6065 The trouble is that the Democrats came in and promised a better economy under Biden, national unity, and a culture of law and order. Instead, we have had catastrophic inflation, record deficits, massive waves of layoffs of high-wage jobs (while the government brags about low wage job creation), tremendous stress on local governments to accommodate a massive unsustainable migration wave, and chaotic lawless antisemitic violence in our universities. That Trump is even competitive speaks to the absolutely dismal performance of the Biden administration across the board. The Dems are lucky that Haley didn't win the GOP primary, because if she had, she'd have an easy win.

[@Sl1pstreams]

As James Carville noted decades ago, "it's the economy." Record inflation, record deficits, and massive layoffs of high wage workers = bad news for incumbents. Bragging about the creation of legions of low-wage part time jobs ro replace the six figure jobs being demolished by the millions is not a winning strategy. People will vote for whoever the alternative is; Biden blew it.

[@jaredaleman3682]

I look forward to any Eisman interview. The man seems frank and willing to share his thoughts on critical subjects which I respect.

[@RM-nm3xn]

Yea, he's frank but wrong.

[@skolvikings354]

Took Biden 9 days to weigh in on the anti semitism. Way to go Joe !!

[@quarterturntotheright9563]

Eisman is right … again! Short the DNC.

[@RM-nm3xn]

You sound ignorant. How does one short the dnc

[@MarinosTV1]

Well said Steve

[@GrillMasterDadChef]

Trump 2024 🇺🇲

[@prolific1518]

Good. As long as Biden keeps the market propped with the economy crumbling around it I'll vote for Trump.

[@garretdrake2347]

trump is the one responsible for destroying the economy in the first place.

[@c.f.okonta8815]

I think the economy will do better under Trump

[@RM-nm3xn]

In what way? Be specific.

[@alwaysup22]

Because he will do another tax cut for the rich that creates another 2 trillion deficit / piggy bank to send around to his friends? Time to open the credit card!

[@c.f.okonta8815]

@@RM-nm3xn Trump will remove regulations for businesses to thrive and he will cut corporate taxes to spur economic growth

[@Gobrech]

@@RM-nm3xn border control, stopping unrestricted immigration

[@zoner__]

@@Gobrech That's not the economy. Try to keep up.

[@surlyman7970]

Clueless.