Steve Eisman, Wall Street’s Famous 2008 Prognosticator, Downplays Bank Derivatives Risk

“Big Short” fund manager Steven Eisman has a reasonably clear explanation for why US economic growth has slowed, one that for strange reasons isn’t in the mainstream of thought. In an interview with Bloomberg TV the often bold economic thinker with an impressive track record of looking ahead addressed significant changes coming to Wall Street while offering reassuring words on bank noncleared derivatives exposure.

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Steven Eisman - The economy is not growing because in a consumer-driven economy wages have...

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