COMING UP SHORT

‘Big Short’ Investor Bets on British Brexit Collapse

Steve Eisman forsees Brexit savaging U.K. markets.

The real-life fund manager portrayed by Steve Carell in the movie The Big Short says he is betting that Britain will crash out of the EU next March and that Labour leader Jeremy Corbyn will become prime minister. Steve Eisman, who made more than $1 billion by correctly predicting the 2008 financial crash, aid he expected U.K. markets to fall as a result of Brexit, in an interview with the BBC, and had built short positions against three British U.K. banks. However, Eisman had words of comfort for the U.S. economy, saying, “The financial system in the United States is safe for the first time in the 30 years I’ve analyzed it.” He also said Donald Trump’s trade war with China, was “correct,” adding, “You’re not going to get China to change by asking.”