The Real Eisman Playbook

The Shutdown Ends, Burry’s New AI Warning & Disney Stumbles | The Weekly Wrap

49 snips
Nov 14, 2025
Steve Eisman discusses the end of the government shutdown and its market implications. He highlights Michael Burry's alarming AI accounting warning and shares insights on consumer struggles, particularly rising auto delinquencies. The podcast also covers earnings reports from CoreWeave and Cisco, noting Disney’s streaming growth amid legacy issues. Eisman delves into the current M&A advisory boom, providing data-driven insights. Tune in for a blend of financial analysis and market forecasts!
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INSIGHT

Auto Delinquencies Signal Consumer Stress

  • Subprime auto delinquencies rose to 6.65% in October, the highest since 1994 according to Fitch.
  • Eisman uses this as evidence that mid- to low-end U.S. consumers are under strain.
INSIGHT

Accounting Change Isn't The Whole Story

  • Depreciation policy changes can raise near-term pre-tax earnings by spreading costs over more years.
  • But Eisman emphasizes the real issue is whether AI capex produces meaningful cost savings and returns.
INSIGHT

Burry's Depreciation Claim Vs. AI Returns

  • Michael Burry argues hyperscalers extended depreciation lives, lowering reported expenses and inflating earnings.
  • Eisman says depreciation tweaks don't answer the key question of what returns AI investments will actually deliver.
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