Is Another 1929 Crash Coming? with CNBC's Andrew Ross Sorkin

The 1929 stock market crash serves as a mirror for contemporary economic volatility, revealing recurring patterns of collective delusion, excessive debt, and systemic corruption. Financial journalist Andrew Ross Sorkin highlights how the 1920s reliance on credit and speculative "get-rich-quick" schemes mirrors today’s bubbles in AI and digital assets. Beyond market mechanics, the discussion examines the rise of private credit as a hidden risk, replacing traditional banking oversight with opaque lending practices. Geopolitical shifts, particularly the erosion of American hegemony and the questioning of the rules-based international order, further complicate this landscape. Ultimately, society’s obsession with wealth often blinds the public to the reality that financial success does not equate to brilliance, leaving observers desensitized to blatant grift and the potential for a significant economic reckoning.