The Big Short's Steve Eisman doubles down on Canadian bank short call

Steve Eisman, portfolio manager at Neuberger Berman. joins BNN Bloomberg to weigh in on the performance of Canada's banks in the second quarter. Eisman says that he's been adding to his Canadian bank short positions.

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[amineaiffa]

She's a fantastic interviewer. Knows when to let the guest speak, and respectfully pushes for a clear response when necessary. Great work!

[mattius]

"The hardest thing in the world is to have lived through a certain kind of paradigm for a very very long period of time and then to realize that that paradigm is changing."

[stephenburnage]

Good interviewer. Its not easy to interview someone like Steve Eisman and she did so very well.

[denmarkfidelio]

She is BY-FAR the BEST INTERVIEWER amongst ALL. GREAT JOB!!!!

[ThePorschefan]

I wish she interviewed Ray Dalio instead of CNBC and Eric from Bloomberg U.S.

[jonathankr]

He seems very honest. Then there was a moment he realized he gave too much info. The banks are now listening to him...

[dr_IkjyotSinghKohli]

"Canadian Bank Managers were incredibly dismissive." Not surprised.

[robertdmci]

Bad time is coming to Canadian Economy, systemic risk and credit risk are getting a lot higher. BoC get ready to cut interest rates.

[MarketManiaCA]

I'm guessing he covered in 2020 either at a loss in January or huge gain in February.

[rbf]

He has gotten his head handed to him so far largely because Canadian banks are an oligopoly. If he shorts without options he must cover large dividend payments every quarter. However he is right about deteriorating credit and also loans to a bubble real estate sector.

[batrarohit]

Wonder how this is going to hold up now during the pandemic

[aadityasaple]

Just realized that Eugene Mirmam would have matched Eisman more than Steve Carrell did. :)

[IakonaWayne]

Long segment, does this happen in the US ?

[justjacqueline]

Talk about coy!She really wanted to nail him down and he danced a good dance.

[JamiePittsSCM]

I loved the interview, though this is a misleading title. I am a subscriber to his newsletter. He added 1-2% to his short positions, and there are much more certain shorts than Canadian banks.

[Scottieguru]

The Canadian banks have a get out of jail free card; i.e. The Canadian taxpayer. Too Big to Fail!!

[YYLegend]

maple leafs have been a solid hockey team in recent years.

[bosoerjadi]

What happened end of Aug 2019? Most Canadian bank stocks went straight up since then. Why?

[Newscannet]

The base numbers are small so the yoy increases seem large, but because the numbers are quite small nominally, it's not a big deal. He's betting on a general trend. Good interview.

[yannchevrier-foundy]

She is soooo good, I hope she's getting paid well.