The Real Eisman Playbook

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On this episode of The Real Eisman Playbook, Steve Eisman examines how dependent the entire AI investment boom has become on just a handful of companies, and why their failure to deliver could tip the US into recession and trigger a large market correction. He walks through who is actually financing the hundreds of billions going into AI infrastructure, lays out the bull, bear and doomsday scenarios, and closes with the five major risks he believes could derail the whole investment story. 
Watch my Financial Literacy Masterclass video here: https://www.youtube.com/watch?v=u8chA7LC8lU 
Watch my Masterclass on the 2008 Financial Crisis here: https://www.youtube.com/watch?v=4bSCdJTbR8I 
 
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Connect with Steve Eisman and access all things The Real Eisman Playbook:
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→ 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

Sign up for The Real Eisman Playbook Premium at http://www.steveeisman.com/


On this episode of The Weekly Wrap, Steve Eisman explains how the Democratic sweep of Congress in the midterms has shifted the AI narrative again, triggering a Thursday selloff in which the S&P fell 4.4% and the Nasdaq 5.5%. He also covers a long list of earnings and closes with his list of 20 favorite sci-fi novels.


00:00 - Intro
02:08 - Implications of the Midterms on the AI Narrative and the Economy
07:46 - The Change in the AI Narrative Because of Coreweave
10:15 - Google Search Being Replaced?
11:32- Anthropic Amended Its S-1
16:01 - Earnings Reports
26:54 - My Favorite Sci-Fi Novels


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
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On episode 82 of The Real Eisman Playbook, Steve Eisman welcomes Aidan McCaig and Brandon Ewink of the Lemonade Stand podcast for a conversation about what worries a younger audience: a brutal entry-level job market, housing that feels out of reach, and AI reshaping everything. They also discuss agentic AI managing money, CoreWeave's debt, private equity, and more!


00:00 - Intro
02:00 - Post-College Prospects & Housing
14:40 - The AI Of It All
27:35 - AI Agents Managing Money
32:59 - Private Equity
48:58 - Podcasting & New Media


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


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


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


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


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 podcastchoices.com/adchoices