“We will have a crash, I just can’t tell you when, and I can’t tell you how deep. But I can assure you, unfortunately, I wish I wasn’t saying this, we will have a crash,” says financial journalist Andrew Ross Sorkin. Some argue that because President Donald Trump is so invested in the success of the market, he won’t let a crash like 1929 ever happen. But Sorkin cautions, “it’s hard to know how things get out of control.” “When confidence disappears, it happens like this,” says Sorkin as he snaps his fingers. Sorkin’s latest book, “1929,” is about the market crash a century ago. He warns of similarities in the markets right now and the events leading up to the most devastating financial collapse in U.S. history. #stockmarket #wallstreet #andrewrosssorkin #finance
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