‘Great Short Term’ Investor Steve Eisman: Trade War would cause global recession

2008 Exchange Accident and Profile Michael Lewisin (and later, 2015, 2015 film) “Big Short” former Management Director of Neuberger Berman CNBC interview Tuesday, US economy and markets, Trump leadership will be flourishing in the event that the tariffs can facilitate the diverse nations. But if this does not happen, “You have a chance, we enter the global decline.”

“The potential for commercial war tariffs and a trade war, I think it is the only risk for the market,” Eisman said. “It’s totally dual and I really don’t have a disabled way.”

Trump’s Whipsaw Tariff Decisions sounded to both consumers backwards Like Eisman, seeing the tariffs as a threat to the global economy and spending as a result of investors. One Bank of America The Global Fund Manager research was reported that 47% of the 222 fund management published this week was reported that the global recession was the largest “tail risk” in the markets.

Trade Deals as with England and a Preliminary reconciliation with Chinaconcern these concerns. JpMorgan Research lowed the probability In late May, the global submission of 60% to 40%, causing a reduction in trade tension as a result of deleting Chinese tariffs. The United States should still solve trade problems with the European Union in a decisive way July 9 Deadline.

Eisman caused similarities between the rocky trading environment and up to world war, probably a Series of contracts In reality, in fact, two masses and consequences are fake for decades of war, designed to resolve the regional shootings created by the opponents, alliances.

“No one was, and for all mutual agreements, which is still in the country, somehow has ended there,” he said. “I don’t think nobody wanting a trade war but of course it is possible.”

Not only Chinese

Although the trade talks are on the stage with China, Eisman, Europe is “more interesting” and concerns about the rules, as well as additional tax (VAT). With 27 members of the member state, the EU, complicating the potential trade agreement, must balance the countless agenda.

“Negotiations with Europe are like trying to cause structuring of cats,” Eisman said.

Trump claimed to be EU created for “farewell” In addition to interrupting, it threatens to apply a 50% tariff to the union. Like Part of the negotiationsThe management attempted to put pressure on the EU to empty the EU’s technical rules that the EU had hindered US companies. Trump is also against a sales tax collected at each stage in the supply chain of supply of VAT, in essence. There is president Commented on VAT As another trade barrier, tax, trying to export to Europe, put an inappropriate financial pressure on US enterprises.

Trump said the United States said that the United States has said that he said to journalists on Saturday, “We talk, but I do not feel what they offer a fair thing.”

After successful talks with Trump’s former Trade Secretary Wilbur Ross, Trump management, the Trump management pushes European allies and negotiations with the EU can be overkonfident in negotiations.

“One fear is that if it feels very much with the progress of our government, it can pass away, and it is difficult for other countries that can even rise to impossible levels,” Ross tell Fortune last week.

“It will be difficult, but the purpose of our country needs to be stronger than the European peoples and keep them close,” he said.