No Signs of Late Cycle Behavior, Eisman Says

Bloomberg Surveillance

Bloomberg

News, Business, Business News, Investing

3.8 • 1.2K Ratings

🗓️ 28 February 2018

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

Steve Eisman, Eisman Group Neuberger Bergman Senior Portfolio Manager, says the student loan problem is a U.S. government problem. Jerome Schneider, PIMCO Head Of Short-Term Portfolio Management and Funding, says they are no longer of the opinion that front-end rates are undervalued. Richard Haass, Council on Foreign Relations President, says on one level, Xi Jinping's decision to end presidential term limits was not surprising. Mike Mayo, Senior Analyst, Wells Fargo Securities Head of U.S. Large-Cap Bank Research, says J.P. Morgan's Investor Day yesterday was the most confident he's ever seen the bank.

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Transcript

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0:00.0	There's so much news happening around the world that we're somehow supposed to stay on top of.
0:05.5	That's why we launched The Big Take. It's a daily podcast from Bloomberg and I Heart
0:11.4	Radio that turns down the volume a bit to give you some space to think.
0:16.5	I'm Wes Kossova.
0:18.0	Each weekday I dig into one important story and talk about why it matters.
0:23.7	Listen to the big take on the I Heart Radio app,
0:26.6	Apple Podcasts, we bring you insights. Welcome to the Bloomberg Surveillance Podcast. I'm Tom Keene.
0:43.4	Daily, we bring you insight from the best in economics, finance, investment,
0:47.8	and international relations.
0:49.8	Find Bloomberg Surveillance on Apple Apple Podcast, SoundCloud,
0:53.8	Bloomberg.com, and of course, on the Bloomberg.
0:57.0	I'm very pleased to say that we can welcome in New York in our studio Steve
1:07.6	Isman famous of course for his successful bed against subprime mortgages
1:11.5	featured in a book you all know well Michael Lewis's book
1:14.8	The Big Short and now a portfolio manager at Newberger Berman Group Steve
1:19.8	good morning to you sir and thank you very much for joining us.
1:22.0	Glad to be here. I was looking at your Oxford Union appearance which I'm sure was an honor and I want to
1:27.8	start with that and the quote is it follows if you had gone and said to
1:31.4	executives pre-crisis the entire paradigm of your career is wrong the response was listen kid I made 50 million dollars last year
1:39.5	What did you make? What's different between now and then the there's a lot different you know I
1:48.5	would say that the the Gestalt if I could use that word on Bloomberg, of the regulatory world.
1:57.0	Pre-Crisis.
	...

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