I'm Backing Eisman: Why the Deficit Haters Need to Chill (For Now)

Am I Worried? Maybe About My Golf Game More

Alright alright settle down folks. Everyone's hyperventilating about this 'One Big Beautiful Bill Act' and the national debt. They're saying it could add $3.4 trillion to the already gigantic US debt over the next decade. You know numbers so big even I Michael Jordan need a calculator. But Steve Eisman the guy who saw the subprime mortgage meltdown coming is playing it cool and you know what? I'm leaning in. If Eisman isn't sweating I'm definitely not. I'm too busy perfecting my fadeaway – on the course of course.

Treasury Yields are Like My Free Throws: Telling the Truth

Eisman is looking at the 10 year Treasury yield. It should be screaming bloody murder if things were *really* bad right? But it's just kinda...there. Like trying to guard me in my prime. It just ain't moving like they expect it. "If there was a real alternative to Treasury then all of this stuff about the deficit is something that I would pay attention to. But as long as there's no alternative there's nothing to talk about," Eisman said. And I agree. You got to look for the clear signs. Sort of like watching the opposing point guard closely to intercept his pass.

Debt and Destiny: Not Sweating the Small Stuff (Yet)

People are worried that this new bill – with its tax cuts and spending changes – will make interest rates skyrocket. They think all this new debt the U.S. is throwing around will flood the market drop prices and raise yields. Sure it *could* happen. But I'm not ready to call a foul just yet. As I always say 'You have to expect things of yourself before you can do them.' In this case I expect us to get our act together eventually.

Stock Valuations: Just Like My Shoe Game Overhyped?

And get this Eisman isn't even losing sleep over stock valuations even with the market hitting record highs. He remembers the dot com bubble. 'What broke the internet bubble was not valuation. What broke the internet bubble was a recession'. He is spot on. Fundamentals people! That is what matters. It's like judging a player just on their highlight reel – you gotta watch the whole game.

The Real Threat? Trade Wars Are Bad Mmmkay?

Here's the kicker. Eisman says the only thing that *really* worries him is a trade war. 'So until there's something really bad happening like a trade war which is still a possibility the valuation is not something I really pay that much attention [to].' And I gotta agree. A trade war is like trying to play basketball with your hands tied behind your back. It's bad for everyone. That's when I'd start hoarding my cash just like I hoarded those championship rings.

Game Time: Stay Alert But Don't Panic

So what's the takeaway? Stay informed but don't run around screaming about the sky falling. Keep an eye on those Treasury yields watch out for trade wars and remember what I always say: 'Sometimes things may not go your way but the effort should be there every single night.' Or in this case every single fiscal quarter. And don't forget to buy my shoes.