Investors can rest assured? "The Big Short" is not worried about the US economy now

The "Big Short" prototype, Steve Eisman, a senior portfolio manager at Neuberger Berman, said he is not worried about the weakness in bank stocks and any uncertainty brought by the Fed's easing cycle.

This week, concerns about the slowdown in banks have made investors uneasy. On Tuesday, the stock price of the largest bank in the United States, JP Morgan, fell by 5%, after the bank lowered its expectations for interest income and expenses. The stock price of auto finance company Ally Financial plummeted by over 17% on Tuesday, as the lending institution cited escalating credit challenges, especially in retail customer auto loans.

Eisman believes there is nothing to worry about. He stated on Wednesday, "I'm not worried about the banks at all. Their capital adequacy is very high. Their operating conditions are much better. They understand their risks better than ever before."

However, this senior portfolio manager at Neuberger Berman pointed out that investing in banks is another matter, as there is currently no strong narrative to drive their rise.

Eisman is famous for shorting mortgage-backed securities before the 2008 financial crisis, profiting from the demise of subprime mortgages.

Regarding the Fed, Eisman believes the Fed will cut rates by 25 basis points next week, but ultimately he stated that short-term adjustments in borrowing costs by the Fed are not crucial. "I think people have spent a lot of time trying to figure out what the Fed is going to do. I guess the Fed will cut rates by 25 basis points, which is fine," he said. "I don't think this is important for long-term investors."

Data on Wednesday showed that the overall CPI for goods and services in the US rose by 0.2% in August, in line with market expectations. According to the Fed watch tool from the Chicago Mercantile Exchange Group, traders expect an 85% likelihood of the Fed cutting rates by 25 basis points on September 18th after the data was released.

In terms of the US economy, there has been increased concern in the market recently about low-income consumers, but Eisman stated that these concerns do not indicate systemic issues threatening the broader economy. "There is no doubt that low-end consumers are facing problems... but I think this is not a decisive factor for the market or the economy," he said.

Dollar General's stock price plummeted by 25% in one day last week, after the discount retailer focused on rural areas lowered its full-year sales and profit forecasts. Eisman pointed out that the last time low-income consumers faced difficulties leading to bigger problems was in 2007 and 2008 when they were burdened with too much debt. But now he says that less affluent consumers are just struggling to keep up with inflation