Wall Street -Veteraan Steve Eisman emphasizes a concern that he has about the stock market.
In a new CNBC interview, the investor who predicted the American housing bubble in 2007/2008 and then profiled in the big short film out Rates are ‘one care’.
“That is it. I mean, the market has become quite complacent about it. But in every trade negotiation that the details really matter and I think that negotiating with Europe about rates is incredibly complicated because every country has a veto about a matter of a matter that wants it, that it is important.
And I don’t know what will happen to China. I just don’t know how to handle this, because there are just too many balls in the air. So I mean, I am only tall, I have taken some risks and I am just a knock. “
With reference to the recent results of artificial intelligence (AI) Chipmaker Nvidia, where the income of 69% quarterly-on-quarter has risen, Eisman says that a trade war could make the rapid growth of the AI sector in the short term.
“Those figures were wild … If you think about it … What is this? A company of $ 3 trillion whose turnover grew 69%? It’s incredible if you think about it. It’s insane.
So I just think the AI revolution is early. But if, forbid God, there is a trade war, that will not matter in the short term. It just won’t. “
https://www.youtube.com/watch?v=QXR69Stpehe
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