Steve Eisman Quotes

The Bank of England's Carney is worried the shock of Britain's vote to leave the E.U. could cause households and businesses to temporarily halt spending, which could stop the economy and even spur a recession.

Rising interest rates are considered bad for stocks because they raise the cost of doing business and depress corporate earnings and because higher yields make bonds relatively more attractive than stocks to investors.

Political reactions from Wall Street, whether they [are] right of wrong, could eventually influence the real economy.

If you put tariffs in place, it creates inflation. If you put inflation in place, you have to raise interest rates. You raise interest rates, and stock markets shouldn't be so high.

If oil prices will go too high, it will slow down the world economy and would trigger a global recession.

We live in an era where the global capital markets are the super power in the world, and when they move against you as they've moved against Russia, as we've all seen in the ruble, there's nothing that can stop that.

Developments in financial markets can have broad economic effects felt by many outside the markets.

Presidential money is almost like the housing bubble. It's growing at such an astronomical rate, you think it can't get any bigger.

Clearly, high energy prices will have a large negative effect on the California economy and could possibly drag the rest of the nation into a recession.

Today the financial market is no good, but the money is there.

The global economy is unruly.

If one wants to avoid the recurrence of economic crises, one must avoid the expansion of credit that creates the boom and inevitably leads into the slump.

I don't think there will be a recession as a result of a vote to leave.

Those who claim that to leave the E.U. would damage the City are the very same as those who in the past confidently predicted, with a classic failure of understanding, that the City would be gravely damaged if the U.K. failed to adopt the euro as its currency.

It is hard to have great confidence in predicting what market reactions to Fed decisions will be.

Under Reagan's policies, inflation and nominal GNP growth shriveled much faster than predicted, throwing off government revenue estimates and resulting in budget deficits.

It's time to stop pretending negative rates have any redeemable value - besides the ability to stimulate the market for physical safes.

There's no doubt that decisions made by the leading central banks do affect the global financial markets and, consequently, our situation.

Cheap money feels like the most natural thing in the world - if you don't think about why it's so cheap.

If you think about it: a big bank in any country, what is it? Really, as an investment, it's a warrant on economy.

If I've learnt anything over the last six years it's that the most important thing is the strength of our economy. That is how we pay for our NHS, how we build schools, how we provide opportunities for people. And I'm in absolutely no doubt that our economy will be stronger if we stay in and will be weaker and at risk if we leave.

I fear a very hard Brexit, but I hope we will find a better solution.

What is important for a central banker is that you have to convey that you know what you are doing.

Every serious deflation I've looked at is preceded by an asset bubble, and then it bursts.

When inflation begins to rise, that's a situation we know how to deal with. When the economy is not doing well, and we're stuck at zero, that's one we don't know so much about - or we know about it that it's bad.