Why Steve Eisman Is Shorting Canadian Banks

The video discusses the potential risks facing Canadian banks due to their current credit loss provisions and capital ratios. It highlights the reliance on negative provisioning for earnings growth and the potential impact of a normal credit cycle. The speaker argues that Canadian banks are not adequately prepared for future credit losses and explores the implications of shorting these banks. The discussion also touches on economic factors and the broader market context.

What is the speaker's overall thesis regarding the Canadian banks?

What does the speaker suggest about the future of the Canadian banks' stock prices?

How does the speaker compare the Canadian banking system to that of Australia?

What are the implications of negative loan loss provisions for stage one loans?