Eisman Says He's Short BBVA, UniCredit on Turkey Exposure

The video discusses the performance of high yield debt compared to investment grade, noting that riskier debt is currently outperforming. Despite this, the speaker does not see significant risks in the credit market, citing strong credit quality and no signs of deterioration. The discussion also touches on potential risks and opportunities, particularly in Turkey, and mentions European banks with exposure to the region.

What is the main point about high yield debt in the first section?

• High yield debt is performing the same as the broader credit market.

• High yield debt is underperforming compared to the broader credit market.

• High yield debt is not mentioned in the first section.

• High yield debt is outperforming the broader credit market.

How does the speaker view the current state of credit quality?

• Credit quality is deteriorating rapidly.

• Credit quality is stable but showing signs of decline.

• Credit quality is irrelevant to the speaker's analysis.

• Credit quality is at its best in anyone's lifetime.

What is the speaker's stance on potential financial disasters?

• The speaker sees no signs of an impending disaster.

• The speaker is unsure about the possibility of a disaster.

• The speaker believes a disaster has already occurred.

• The speaker is certain a disaster is imminent.

Which country is highlighted as a specific risk in the third section?

• Spain

• Italy

• Turkey

• Greece

Which European banks are mentioned as having large exposures to Turkey?

• Lloyds and Barclays

• BBVA and UniCredit

• Santander and BNP Paribas

• Deutsche Bank and HSBC