Steve Aisman, who has a “big short” fame, has a message for investors. Don’t be a hero. AIDSman, known for successfully betting on the housing market ahead of the 2008 financial crisis, warns Wall Street has not discounted the worst-case scenario associated with President Donald Trump’s tariffs. “The problem is that everyone in our social class won ECON 101 and we were all taught the same thing. Good trade, tariffs, a terrible trade war,” the former senior portfolio manager of Neuberger Berman told CNBC’s “Fast Money” on Monday. “Now there’s a US president who doesn’t seem to embrace that paradigm, and people are realizing it’s very uncomfortable.” However, Eissyman, who launched the Eissyman Playbook podcast this month, doubts that the current trade situation will turn into “Trist Armageddon.” “If the country is reasonable, Canada and Mexico come to the US and basically, “We will do what you want.”… Both of these countries don’t have cards. Europe isn’t that good now,” he said. “If a reasonable head wins, Trump will almost get what he wants,” the Dow saw the largest intrinsic swing on its record. I swinged 2,595 points. At the low of the day, we had 1,703 points off. The Dow ultimately lost 349 points, with the Nasdaq composite squeezing a gain of 0.1%. Meanwhile, the S&P 500 fell 0.2%. “I’ve only been a long time. I’ve lost a lot.” “There are people in the market who are upset about losing money,” AIDSman said. “I’m not going to make you a child. I’m one of those people. I’m long. I’ve lost a lot.” He prefers to see bigger pictures, especially people injured in free trade. “GDP is not just a number. It’s the people. If you travel through parts of this country as I have and pass through parts of the South Midwest and parts of the South, it doesn’t look that good.” The famous AIDS man. “[President] Clinton guided us together [North American Free Trade Agreement] and [World Trade Organization] A huge bull market where everyone around this table, including me, has benefited greatly. But not everyone in the country benefits, and what is proposed here is to benefit those people. “Ayman believes Wall Street thinks Trump’s tariff policy should come. They didn’t take him seriously. “The wild card, according to AIDSman, is politics. “Politicians are rational or not,” he said. “In a trade war, everyone will suffer. The United States will suffer the most.” Disclaimer
