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Steve Eisman, the investor who profited from the 2008 subprime mortgage collapse, downplays concerns over the rising US budget deficit. He argues that strong global demand for US Treasuries signals confidence in the market. Eisman believes the lack of alternatives keeps Treasury yields stable despite deficit worries.
- Eisman argues that stagnant 10-year Treasury yields since 2022 indicate no real market concern over the US deficit.
- He attributes sustained Treasury demand to a lack of global alternatives, calling it 'insatiable.'
- Eisman remains optimistic about US stocks, endorsing the 'buy the dip' strategy amid long-term economic growth.
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