Andrew Ross Sorkin on worrying similarities between Wall Street today and 1929's pre-crash market
Andrew Ross Sorkin Warns of Inevitable Market Crash Echoing 1929
Financial reporter Andrew Ross Sorkin confirms that a market crash is inevitable, driven by current speculation, unprecedented debt levels, and the erosion of regulatory safeguards put in place after 1929.
Short Summary
- Market highs resemble the unsustainable run-up preceding the 1929 collapse, now fueled by AI investment speculation.
- Regulatory "guard rails" designed to protect average investors are actively being dismantled, mirroring a dangerous historical trend.
- Experts debate whether current massive private investment access for retail investors represents democratization or increased systemic risk.
This conversation features financial journalist Andrew Ross Sorkin, who draws sharp parallels between the speculative boom of the 1920s and the current market environment. Understand why deregulation and risky asset classes are creating conditions ripe for a significant downturn.
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Top Comments (10)
Somebody from inside the White House made money on a short position off btc 24 hours before the tweet went out. Coincidence?
Listening to BlackRock as a normal investor is like asking the thief for your password suggestions
Good old BlackRock. Always involved with everything. Don’t listen to what they say. Watch what they do. True Story.
They say ‘democratizing finance,’ but that’s code for ‘making you responsible when it collapses.’ Your 401(k) already fuels Wall Street — now they want your blessing for the next bailout. The U.S. is running on borrowed credit, and they’re gambling it away. If it crashes, let it crash — no more rescuing billionaires with taxpayer money.
We’re already seeing a disturbing rise in auto loan defaults, so who’s to say what’s next.
Am I the only one whos noticed dudes left eye😳.
The fact is that the vast majority of private equity firms do NOT consistently outperform the S&P500. The only people who make money in private equity are the mangers and owners of private equity!
Blackrock IS THE PROBLEM. Don't ask a cannibal for dining tips.
My grandfather sold his seat on the American stock exchange in 1928. He did that because, as my father told me, he thought there were too many people coming into the market. He spent the depression growing oranges in Florida while my father went to college.
The last place a common investor should invest is a speculative private equity startup
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Top Comments (10)
Somebody from inside the White House made money on a short position off btc 24 hours before the tweet went out. Coincidence?
Listening to BlackRock as a normal investor is like asking the thief for your password suggestions
Good old BlackRock. Always involved with everything. Don’t listen to what they say. Watch what they do. True Story.
They say ‘democratizing finance,’ but that’s code for ‘making you responsible when it collapses.’ Your 401(k) already fuels Wall Street — now they want your blessing for the next bailout. The U.S. is running on borrowed credit, and they’re gambling it away. If it crashes, let it crash — no more rescuing billionaires with taxpayer money.
We’re already seeing a disturbing rise in auto loan defaults, so who’s to say what’s next.
Am I the only one whos noticed dudes left eye😳.
The fact is that the vast majority of private equity firms do NOT consistently outperform the S&P500. The only people who make money in private equity are the mangers and owners of private equity!
Blackrock IS THE PROBLEM. Don't ask a cannibal for dining tips.
My grandfather sold his seat on the American stock exchange in 1928. He did that because, as my father told me, he thought there were too many people coming into the market. He spent the depression growing oranges in Florida while my father went to college.
The last place a common investor should invest is a speculative private equity startup