AFTER STUDYING HISTORY'S BIGGEST CRASHES, ANDREW ROSS SORKIN TELLS US WHAT PARALLELS HE SEES BETWEEN 1929 AND TODAY'S STOCK MARKET FRENZY
https://s.yimg.com/ny/api/res/1.2/B6_4Ee.0Rg5dk2LjC6Avsg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD05MDA-/https://media.zenfs.com/en/business_insider_articles_888/496a5fe2d86eb52a03f0005520dd9bd4
✍️ Andrew Ross Sorkin, author of "1929", discusses the similarities between the 1929 stock market crash and the current market, citing excessive speculation and lack of regulation.
👉 Excessive speculation and lack of regulation are similar to the 1920s 👉 AI-hungry investors are driving stock valuations to record highs 👉 Democratization of finance is making risky investments accessible to the average investor 👉 Rules and regulations are being rolled back, reducing transparency and increasing risk
-- #AndrewRossSorkin #CharlieMitchell #WilliamDurant #AlbertEinstein #ThePlazaHotel #NewYorkStockExchange #CentralPark #business
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