{"id":12242,"date":"2025-03-23T11:52:01","date_gmt":"2025-03-23T11:52:01","guid":{"rendered":"https:\/\/finderica.com\/?p=12242"},"modified":"2025-03-23T11:52:01","modified_gmt":"2025-03-23T11:52:01","slug":"moses-of-the-big-short-says-market-underestimating-doges-negative-impact","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=12242","title":{"rendered":"Moses of &#8216;The Big Short&#8217; says market underestimating DOGE&#8217;s negative impact"},"content":{"rendered":"<div>\n<div data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\">\n<p><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"ArticleBody-extraData\"><span hidden=\"\" aria-hidden=\"true\" class=\"xyz-data\">Investor Danny Moses, who made a killing betting against mortgage-backed debt before the 2008 crash, said Thursday the market is mistakenly failing to discount the negative effect from federal spending cuts spearheaded by the Department of Government Efficiency. &#8220;I think we are underestimating the impact to the economy of the cuts we&#8217;re making at the federal government, and what that might mean [in terms of] the knock on effects into the economy,&#8221; Moses, Moses Ventures founder, said on CNBC&#8217;s &#8221; The Exchange. &#8221; DOGE&#8217;s cost-cutting moves led by Tesla CEO Elon Musk , could create a negative shock in the system with layoffs eroding corporate revenue growth in the near term. The billionaire tech entrepreneur, with Trump&#8217;s blessing, has reduced federal headcount by more than 60,000 , spanning 17 agencies, according to an estimate from Challenger, Gray &amp; Christmas. &#8220;I think we&#8217;re hurting the revenue side of the equation. When your debt to GDP is over 120% you really can&#8217;t make a mistake,&#8221; Moses said. &#8220;I think we are being overly optimistic [as to] how this is going to play out&#8230;. we&#8217;re going to start to hear, when first quarter earnings are reported, that there is a market slowdown potentially, and a hit to consumer confidence, which you&#8217;ve already seen, which I don&#8217;t think [is] priced into the markets.&#8221; President Donald Trump &#8216;s protectionist trade policy stoked fears of an economic slowdown, causing a month-long pullback in the S &amp; P 500 that last week dragged it into a correction. The S &amp; P 500 has recovered some of the losses, and today sits about 8% below its February all-time high. Moses shot to fame thanks to Michael Lewis&#8217; book &#8221; The Big Short &#8221; and the subsequent Oscar-winning movie of the same name. The investor revealed that he&#8217;s still bullish on gold even after the bullion climbed above the $3,000 record milestone lately. Moses said he also likes online gambling stocks, naming Genius Sports as his favorite. He noted that the industry is insulated from Trump&#8217;s aggressive tariffs and the companies are early adopters of artificial intelligence.<\/span><\/span><\/span><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"><\/span><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.cnbc.com\/2025\/03\/20\/moses-of-the-big-short-says-market-underestimating-doges-negative-impact.html\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investor Danny Moses, who made a killing betting against mortgage-backed debt before the 2008 crash, said Thursday the market is mistakenly failing to discount the negative effect from federal spending cuts spearheaded by the Department of Government Efficiency. &#8220;I think we are underestimating the impact to the economy of the cuts we&#8217;re making at the<\/p>\n","protected":false},"author":1,"featured_media":12243,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[196],"tags":[242,4280,1154,94,5057,4285,1545,5058],"class_list":{"0":"post-12242","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance-news","8":"tag-big","9":"tag-doges","10":"tag-impact","11":"tag-market","12":"tag-moses","13":"tag-negative","14":"tag-short","15":"tag-underestimating"},"_links":{"self":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/12242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12242"}],"version-history":[{"count":0,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/posts\/12242\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=\/wp\/v2\/media\/12243"}],"wp:attachment":[{"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/finderica.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}