The Next "Big Short" Moment (Steve Eisman Interview)

Video Description

In this video, I sit down with the one and only Steve Eisman (of 'The Big Short') to discuss how he saw the 2008 financial crisis coming, and how his credit default swaps made billions while the global financial system crumbled. ★ ★ IN PARTNERSHIP WITH STAKE ★ ★ 💰Get $10 FREE credit and a FREE U.S. stock, use code NewMoney: https://on.hellostake.com/newmoney Stake Rewards T&Cs apply: https://hellostake.com/au/legal/stake-aus-rewards-terms-conditions ★ ★ LEARN TO INVEST ★ ★ Get started investing on the right foot with our step-by-step investing courses: https://newmoney.education/ ★ ★ CONTENTS ★ ★ 0:00 Seeing the 2008 Collapse Coming 6:00 Analyzing the Default Data 10:50 Insatiable Demand for Mortgage Backed Securities 13:30 Immoral Mortgage Lending in the 2000s 17:50 The Jenga Scene 24:00 The Groundwork 25:30 "ZERO!" (and the Vegas Conference) 26:47 Steve Carrell's Portrayal of Eisman 28:20 Steve Buys Credit Default Swaps 34:00 Corruption at the Ratings Agencies 35:18 Steve's Massive Bet 36:30 The Government Bailout 38:30 Deliberately Ignoring Bad Loans 43:14 What Steve Did After the Crisis 47:02 The Current AI Bubble 51:30 Trump's Trade Policy 53:20 Investing in China 56:00 How We Should Be Investing Now 57:27 Passive Investing Bubble 59:00 US Debt Situation 1:01:30 Bitcoin's Legitimacy 1:02:15 Steve's Involvement in "The Big Short" 1:03:45 Is BlackRock a Problem? 1:04:20 Is Tesla Stock a Bubble? 1:08:08 Shorting Canadian Banks 1:08:53 How Steve Learned Investing 1:09:35 Is there more or less corruption today? 1:11:10 Private Equity the Next Big Bubble? My Podcast: https://www.youtube.com/c/TheYoungInvestorsPodcast Brandon van der Kolk is authorised to provide general financial product advice in Australia and is an Authorised Representative (Number 1305795) of Guideway Financial Services Pty Ltd, AFSL Number 420367. Any advice is general & does not consider your financial situation, needs or objectives so consider whether it's appropriate for you. Read Brandon's Financial Services Guide available from https://guideway.com.au/NewMoney.pdf. Past performance is not a reliable indicator of future investment returns. Contact email: [email protected] Note: I do not have the ability to answer all emails, but know that each email is read. If enquiring about sponsorship, New Money is currently only seeking sponsorship from established brands.