Steve Eisman, the investor who called and profited from the subprime mortgage crisis, said Tuesday that he would advise against buying homebuilders and consumer-related stocks given higher interest rates. "I wouldn't own homebuilders right now," Eisman said on CNBC's " Fast Money ." "The homebuilders have been subsidizing their customers with lower rates, but even that's gonna bite.
Anything in that universe, I think, is just going to have trouble. Just because of simple math," Eisman said. Eisman shot to fame by betting against subprime mortgage loans before the 2008 financial crisis, as chronicled in Michael Lewis' "The Big Short: Inside the Doomsday Machine," and the subsequent Oscar-winning movie based on the book.
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: MarketWatch - 🏆 3. / 97 Read more »