The Real Eisman Playbook

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On this episode of The Weekly Wrap, Steve Eisman digs into Anthropic’s newly released S-1 and notes that revenue growth fell from 147% in Q2 to 45% in Q3 as tokenmaxxing ended. He then walks through an earnings week in which Google fell 12%, ServiceNow dropped 27%, Amazon held its capex flat for the first time, and Intel and Caterpillar were punished. He closes with a couple of mailbags on CoreWeave’s debt and the Telepocalypse narrative.

00:00 - Intro

02:16 - Some More Thoughts on France

03:32 - Anthropic Dropped Its S-1

08:43 - Earnings

21:59 - More Thoughts on CoreWeave

24:01- The Telepocalypse

Watch my Financial Literacy Masterclass video here: https://youtu.be/u8chA7LC8lU
Watch my Masterclass on the 2008 Financial Crisis here: https://youtu.be/4bSCdJTbR8I

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Disclaimer: The financial opinions expressed are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on this content.
Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in ‘The Eisman Playbook' carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money you can afford to lose. Derivatives are unsuitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell, or retain any specific investment or service.

Copyright ©2026 Steve Eisman
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On episode 81 of The Real Eisman Playbook, Steve Eisman sits down with Benn Steil, Director of International Economics at the Council on Foreign Relations for a conversation covering today’s inflation dilemma, the dollar’s exorbitant privilege versus France’s sovereign bond crisis, and why the trajectory of US debt is ugly even if the doomsayers have been wrong for 40 years.

00:00 - Intro

00:40 - The Fed, Inflation, & Rates

08:50 - Scott Bessent

13:11 - The Federal Deficit

22:20 - France

27:20 - Henry Wallace

39:15 - Bretton Woods

46:28 - The Marshall Plan

49:08 - Outro

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Connect with Steve Eisman and access all things The Real Eisman Playbook:
🌐 https://linktr.ee/realeismanplaybook
→ Follow on socials, watch episodes, and get the latest updates — all in one place.

Disclaimer: The financial opinions expressed are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on this content.

Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in ‘The Eisman Playbook' carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money you can afford to lose. Derivatives are unsuitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell, or retain any specific investment or service.

Copyright ©2026 Steve Eisman
Learn more about your ad choices. Visit megaphone.fm/adchoices

Sign up for The Real Eisman Playbook Premium at https://realeismanplaybook.substack.com/

On this episode of The Weekly Wrap, Steve Eisman discusses CoreWeave’s climbing debt, fading confidence in AI data center economics, and whether the business model is unworkable. Steve also walks through a packed earnings week, featuring Meta’s strong 26% revenue growth, Tesla’s stunning 0% revenue growth, SpaceX’s capex-heavy results, and why Netflix is going ex-growth as YouTube conquers the newer forms of media. He also takes a mailbag question regarding the housing market.

00:00 - Intro

01:55 - French Sovereign Bonds Are In Trouble

03:04 - The AI Narrative Has Changed

05:32 - A Whole Bunch of Earnings

17:18 - Mailbag: Should You Buy a Home?

19:29 - Outro

Watch my Financial Literacy Masterclass video here: https://youtu.be/u8chA7LC8lU
Watch my Masterclass on the 2008 Financial Crisis here: https://youtu.be/4bSCdJTbR8I

Subscribe 👉🏻https://www.youtube.com/@RealEismanPlaybook?sub_confirmation=1

Connect with Steve Eisman and access all things The Real Eisman Playbook:
🌐 https://linktr.ee/realeismanplaybook
→ Follow on socials, watch episodes, and get the latest updates — all in one place.

Disclaimer: The financial opinions expressed are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on this content.
Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in ‘The Eisman Playbook' carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money you can afford to lose. Derivatives are unsuitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell, or retain any specific investment or service.

Copyright ©2026 Steve Eisman
Learn more about your ad choices. Visit megaphone.fm/adchoices

Sign up for The Real Eisman Playbook Premium at https://realeismanplaybook.substack.com/

Steve Eisman reunites with Danny Moses, his former partner from the Big Short days and now host of the On The Tape podcast, for a wide-ranging conversation covering the AI trade, the deficit, private equity’s monetization problem, and why Danny sees uncomfortable parallels between today’s AI debt issuance and the warehouse lines that fueled the subprime mortgage crisis.

00:00 - Intro

02:00 - On The Tape

04:55 - The Fed, Scott Bessent, & the Housing Market

10:38 - The AI Story

22:43 - Private Equity

28:14 - Transitioning to Media

35:13 - The Debt & the Deficit

Subscribe to On The Tape: @OnTheTape

Subscribe 👉🏻https://www.youtube.com/@RealEismanPlaybook?sub_confirmation=1

Connect with Steve Eisman and access all things The Real Eisman Playbook:
🌐 https://linktr.ee/realeismanplaybook
→ Follow on socials, watch episodes, and get the latest updates — all in one place.

Disclaimer: The financial opinions expressed are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on this content.

Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in ‘The Eisman Playbook' carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money you can afford to lose. Derivatives are unsuitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell, or retain any specific investment or service.

Copyright ©2026 Steve Eisman
Learn more about your ad choices. Visit megaphone.fm/adchoices

Sign up for The Real Eisman Playbook Premium at https://realeismanplaybook.substack.com/

On this episode of The Weekly Wrap, Steve Eisman examines the growing risks and opportunities surrounding AI, from rising debt at AI data center companies to concerns about the future of the AI boom. He also breaks down the latest bank earnings and the impact of agentic AI on financial institutions.

00:00 - Intro

02:21 - War in Iran Updates

02:50 - The Telepocalypse

04:47 - CoreWeave & Something of a Tech Correction

06:48 - Bad News in France

08:09 - Impact of Agentic AI on Financial Institutions

12:10 - Earnings Season Began with the Banks

Watch my Financial Literacy Masterclass video here: https://youtu.be/u8chA7LC8lU

Watch my Masterclass on the 2008 Financial Crisis here: https://youtu.be/4bSCdJTbR8I

Subscribe 👉🏻https://www.youtube.com/@RealEismanPlaybook?sub_confirmation=1

Connect with Steve Eisman and access all things The Eisman Playbook:
🌐 https://linktr.ee/realeismanplaybook
→ Follow on socials, watch episodes, and get the latest updates — all in one place.

Disclaimer: The financial opinions expressed are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on this content.

Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in ‘The Eisman Playbook' carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money you can afford to lose. Derivatives are unsuitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell, or retain any specific investment or service.

Copyright ©2026 Steve Eisman
Learn more about your ad choices. Visit megaphone.fm/adchoices