Part 7/8:
The conversation shifted to broader economic themes, including the deficit. Eisman indicated that discussions around the deficit can often serve as a form of virtue signaling among investors, where individuals proclaim their stance more out of tradition than from any genuine concern they might act upon. He acknowledged the reality of rising yields, specifically a 10-year yield of around 4.5%, suggesting that while yields are climbing, they remain at manageable levels for the time being.