It feels like old times, but not in a good way. Financial experts around the world are warning of a 1929-style financial market crash brought on by trade wars, large national debts and overbuilding in the AI sector.
“We will have a crash,” financial journalist Andrew Ross Sorkin told CBS News . Sorkin is promoting a new book, “1929: Inside the Greatest Crash in Wall Street History—and How It Shattered a Nation,” about the market collapse that sparked the Great Depression. But other voices are also sounding alarms. World markets are “susceptible to a disorderly adjustment” thanks to economic and political uncertainty, said G20 risk watchdog Andrew Bailey on Monday, per Reuters . Bank of England officials warned last week that the AI bubble driving tech stocks may soon burst, sa