Sorkin Sees Echoes of 1929 in AI Boom | JQJO

After nearly a decade studying the 1929 crash, journalist Andrew Ross Sorkin says today’s Wall Street echoes that era: soaring, AI-fueled gains, mounting speculation and debt, and fading guardrails. He predicts a crash—timing and depth unknown—amid record highs, Friday’s slide after President Trump threatened more China tariffs, and a push to “democratize” riskier investing. Sorkin contrasts 1920s margin-fueled mania with modern flows into AI, private markets and crypto, warning that looser SEC rules and a diminished Consumer Protection Bureau leave investors exposed. BlackRock’s Larry Fink urges adding private assets and crypto, calling them portfolio diversifiers.