Steve Eisman of "The Big Short" fame said he's unfazed by the weakness in bank stocks as well as any uncertainty around the Federal Reserve's next easing cycle.
To Eisman, there's nothing to worry about.
Eisman shot to fame by shorting collateralized debt obligations to profit from the demise of subprime mortgage loans before the 2008 financial crisis.
Wednesday's data showed the consumer price index , a broad measure of goods and services costs across the U.S. economy, increased 0.2% in August , in line with the Dow Jones consensus.
The economy Concerns about lower-income consumers have also increased recently, but Eisman said they are not indicative of a systemic issue endangering the wider economy.
Persons:
Steve Eisman, he's, Neuberger Berman, shorting, Michael Lewis's, Eisman, Dow Jones
Organizations:
Federal, JPMorgan, Ally Financial, Dollar
Locations:
U.S