Steve Eisman, a "Big Short" investor, warns against cutting interest rates, fearing it could lead to a stock market bubble.
"Big Short" investor Steve Eisman warns against cutting interest rates, fearing it could lead to a stock market bubble. He cites the US economy's strength and easing inflation, and argues that the Fed's planned rate cut by 3QP in 2023 could fuel an unsustainable market. Eisman's stance is based on his experience from the housing market and the dot-com bubble, emphasizing the importance of avoiding unnecessary stock market bubbles.
April 02, 2024
3 Articles