Fresh Air Can The Lessons Of 1929 Prevent Another Crash?
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Dec 10, 2025 
Andrew Ross Sorkin, a renowned financial columnist and author of "1929", discusses the potential for another economic crisis, drawing parallels between past and present turmoil. He emphasizes concerns around AI, cryptocurrencies, and unregulated shadow banking. Sorkin warns that current deregulatory policies could increase financial risks and critiques how political influences shape the business landscape. He shares insights on the historical context of economic stability and offers investment advice amid today's uncertain environment.
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Servants Watching The Ticker
- A banker’s household had a ticker and servants screaming as they watched the market collapse.
- The scene showed how widespread and personal 1920s market mania had become.
Margin Fueled The Mania
- Brokers lent massive leverage, often ten times a customer's deposit, fueling the 1920s bubble.
- That extreme margin amplified losses and turned small declines into catastrophic ruin.
Margin Calls Triggered Bank Runs
- Mass margin calls and bank runs cascaded into systemic bank failures in the early 1930s.
- The dominoes led to about 9,000 bank failures and 25% unemployment.
