The man who predicted the 2008 financial crisis on impending market risks @realeismanplaybook This clip is from today's …
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The man who predicted the 2008 financial crisis on impending market risks @realeismanplaybook This clip is from today's …
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33 comments
Meanwhile in the real world nvda is down about 12 or 13% from its highs. And it is still overpriced.
Looking at historical metrics over the last 10 years the average price of nvda was around 20 something bucks. And the pe multiple was at 10.
I wouldn’t be surprised to see nvda at $50 this year.
Eisman may be getting positively biased on Ai because of his views
The thing that everyone's missing anf never talks about is the is the return on investment calculation with AI versus internet bubble. Two major salient differences. Compute equals revenue. And I believe he's right about Nvidia. But it's the value chain of efficiency that will also continue to make money.
BS…the biggest risk and greatest threat to the market and the world is the trump regime. Wake up.
it will be much worse than 1929, people will look at it past and think why thesee stupid peoople could not see it?
I feel like the data center buildout is analogous to Chinas buildout of ghost cities. Just a way to boost GDP except data centers deplete natural resources more and keep cost of living high
2007*
Those numbers are batschitt bonkers
He didn't predict it, it was by luck, michael Burry did
The technology advances are fantastic. Soon every parent will be able to know exactly where there children are and what they are doing. The same goes for employees, unless AI can create look-a-likes to do the job for you. Right now, state office buildings are empty, and everyone is working from home. Think of what China or Russia or any other dictatorship can do. Plus, the robots can do most of the work on a job, and the lead employee only has to give instructions on what has to be done.
He copied doctor Stephen berry
thats not michael burry wtf?
So the only way to get a paycheck in the future is to invest in the same corporations that took our jobs? "Feed the Beast" so to speak. Then what?
I thought this was @scottstyris
They'll report that ROI was great, even if it wasn't.
Was it just me who thought the thumbnail was Shaun Ryder? This is twisting my melon man.
The returns will not justify the investment. Period. Will this jump-start some new internet economy? No. If anything, this will be a purge of US domination in tech through misappropriation of funds and customers de-cloud-ify-ing. Nice time to be in hardware recycling/refurb near-term.
I agree with his prediction.
Good luck running an economy without consumers. People need jobs > to spend money
Private Equity naked shorting will bring down the entire market. Citadel alone has over $65billion of assets “sold not yet purchased” ie naked.
Private equity is absolutely the cause of this next financial crisis
Aside from his bad geopolitics, his market takes are pretty informative.
Shame on Scott and Ed having this guy on the podcast, he should be de-platformed. He was also fired from Neuberger after telling everyone he was celebrating the slaughter and mass deaths of Palestinian people. He literally replied on twitter to a graphic video of Palestinian children and woman burning in fire by saying he was celebrating it. Genocidal maniac.
so called glory of the internet. Behavior modification of our kids, porn and rape normalized for teenage boys, and all the economic destruction created to make your so called wealth. Just look at the social and ecological costs of tech. If we had an accurate measure, more people would see the Ponzi scheme we're in, including the stock market.
I am a programmer and there are signs that we (as a profession) are starting to move away from AI. Simply because it's so unreliable that it takes more time from you than you gain in efficiency.
AI Agents will not be a thing despite whatever the AI- and Tech CEOs tell you. There is a quote from Arthur C Clarke that goes "Any technology that is advanced enough is indistinguishable from magic." That's the problem we have today.
People are so technically illiterate that to them AI is magic which means that they are prime victims for being misled and bamboozled.
The best way to think of AI (LLMs) is that they are a search engine on steroids. Just like you wouldn't let a search engine do your work for you, you can't let an AI do it either.
The hype about AI is not tethered to reality. You should have Ed Zitron or Prof. Cal Newport on.
No he did not
Biggest risk is listening to a guy that got lucky once. Bubble was companies with no revenue. What if the opposite is true. What if they aren’t spending enough money? AI is exponential. Will cause deflation in everything.
Didn’t Amazon survive even eBay as an early investor you’d come out way ahead
Google can turn it'd profit on and off whenever it wants.
Wow! So full of himself
Remember that the only reason these companies are spending astronomical amounts of money is because they think a few years down the road they’ll be able to massively downsize their workforce.
This guys understanding of war and politics is pretty low. It amazes me how confident he minimizes war on the US economy and the market.
$650,000,000,000 spent on AI from just *FOUR* companies.
The risk of that sort of spend is the resulting job losses and layoffs. Working class humans are going to suffer.
What I can't understand is who buys products and goods and services when everyone is laid off?
Happy to see Steve here, his channel is awesome and expands on these statements with more information in his interviews.