Andrew Ross Sorkin: How to make sense of today’s market

Jeff Berman interviews Andrew Ross Sorkin, author of "1929," about the parallels between the economic conditions leading up to the 1929 stock market crash and the current economic climate. Sorkin highlights the rapid technological advancements, the rise of debt, and the democratization of finance as key similarities. They discuss the role of speculation, the removal of financial guardrails, and the increasing involvement of the government in private companies. Sorkin expresses concern over the potential for a significant economic hiccup, pointing to leveraged deals in the AI ecosystem as a potential accelerant, while also acknowledging the importance of speculation for innovation. The conversation also touches on the challenges facing journalism in the current media landscape, where individuals have become their own journalists, leading to a more complex understanding of truth.