New Delhi, Oct. 16 -- Renowned journalist and author of bestseller 'Too Big to Fail' Andrew Ross Sorkin said in a latest interview that that Wall Street is once again echoing the excessive speculation and debt-driven frenzy that preceded the Great Depression in 1929.
This time, however, he cautions that the driving force isn't margin trading but the hype surrounding artificial intelligence (AI), while the safeguards meant to protect investors are steadily being eroded.
"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," Sorkin said in an interview.
In his latest book, '1929: Inside the Greatest Crash in Wall Street His...
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