Slate Money Money Talks: Don’t Forget The 1929 Crash
18 snips
Oct 14, 2025 
Andrew Ross Sorkin, a journalist and author known for his insightful views on financial history, dives into the 1929 market crash in this engaging discussion. He draws alarming parallels between that era and today's market, emphasizing systemic risks we face now. Sorkin warns that excessive leverage remains a lurking danger, much like the rampant borrowing before the crash. He also explores the implications of modern financial products, crypto trends, and the lasting legacy of the Great Depression's policies. History's lessons are as timely as ever!
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Hidden Leverage Is The Real Danger
- Crashes often trace back to excessive leverage concentrated in places we underappreciate.
- Andrew Ross Sorkin warns today's leverage hides in private credit and other nonbank corners of finance.
Look For Leverage Beyond Banks
- Pay attention to where leverage currently sits, not where it used to be.
- Regulators and investors should monitor private credit funds and their bank liquidity lines closely.
Keep Markets Transparent
- Protect transparency and disclosure; lack of rules breeds abuse.
- Maintain reporting and oversight to prevent repeat of 1929-style information vacuums.
