Remember Steve Eisman? The guy who made Scrooge McDuck-style money betting on the 2008 financial apocalypse? Well, he’s back, and he just told everyone clutching pearls over the US budget deficit to, essentially, take a chill pill. Apparently, while the rest of us are scanning eBay for used gold bars, Eisman’s just rolling his eyes on CNBC.
It turns out, global folks are stampeding to buy US treasuries like they’re Beyoncé tickets. The deficit? Eh. Eisman thinks it’s less “fiscal crisis” and more “unlimited breadsticks at Olive Garden”—everyone keeps coming back and no one seems to regret it (yet).
“There’s a great slogan that applies to politics and international affairs, which is: when someone tells you who they are, believe them. But in the market? When someone tells you who they are, don’t believe them until they actually put their money where their mouth is. And boy, are people investing. Pontificate all you want, the 10-year Treasury yield is about as exciting as a box of plain Cheerios. No movement. Total snooze since December 2022. You’d think with all these Chicken Littles, we’d see some action! Nope. Turns out, Treasuries are still top dog. Sorry, Bitcoin.” 🥱
Eisman remains bullish. (Cue: confetti cannon 🎉.) In his words, the market’s been “buy the dip”-crazy for a decade, and he’s ready to light a scented candle for that trend.
“Buying the dip is practically a religion now. And I’m not trying to start my own here, but hallelujah, I believe! The US economy’s got more pep than a toddler after a triple espresso. Long term? I’m bullish.”
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2025-07-09 12:21