Disruptors

Michael Lewis | The Biggest Financial Crash is Coming | Author of The Big Short Reveals Why

Mar 21, 2025
Michael Lewis, renowned author of The Big Short and Moneyball, shares his perspectives on looming financial disaster. He argues that the next market crash could stem from a profound distrust in the U.S. government. Lewis critiques cryptocurrencies and shares why he believes they're risky investments. He discusses figures like Elon Musk, deeming him 'power drunk', and explores the implications of political leadership on public trust. This engaging conversation dives into the complexities of economic stability and the psychological factors at play in financial markets.
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INSIGHT

Government Faith Triggers Crashes

  • The next financial crash would be triggered by a collapse of trust in the US government rather than just financial institutions.
  • Such a crash could be catastrophic as there may be no authority able to restore trust like the government in 2008.
INSIGHT

Trust Collapse Causes Market Crashes

  • Financial crashes occur when trust erodes and people doubt markets and securities.
  • President Trump's style has been to erode trust in institutions, worsening instability.
INSIGHT

Stock Market Rigged by High-Frequency Traders

  • US stock markets are rigged with high-frequency traders gaining unfair advantages.
  • These traders profit daily by exploiting privileged information access, costing ordinary investors billions.
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