Prof G Markets · Thursday, August 6, 2026
Steve Eisman states that the US economy is currently very strong, with benign credit statistics reported by banks in July. He highlights robust payment volumes from companies like Visa and Mastercard, indicating overall economic health.
“Number one, the US economy is very strong. You know, all the banks reported mid-month in July and the credit statistics were as benign as they possibly could be.”
“So there's no credit issues in in the US economy overall. It's a strong M&A cycle, the IPO calendar is not bad, and there's no question there's still a K-shaped economy, but you know, if you look at the numbers of Visa and Mastercard, the overall payment volumes are quite robust.”