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1:47Now PlayingIn Andrew Ross Sorkin's new book "1929," the parallels between today's market and the stock bubble of the 1920s add up. On Odd Lots, Sorkin, the editor of Dealbook and co-host of CNBC's Squawk Box, talks to Tracy Alloway and Joe Weisenthal about the 1929 crash, its fallout — and the case for RCA as the Nvidia of its time.
Almost everyone is talking as though we might be in a bubble. Regardless of how AI investment ultimately pan out, there is an incredible amount of retail speculative mania in the air. So how does this environment compare to past periods of exuberance? On this episode we speak with Andrew Ross Sorkin, the editor of Dealbook, the co-host of CNBC's Squawk Box, and the author of the new book 1929: Inside the Greatest Crash in Wall Street History--and How It Shattered a Nation. Sorkin, who previously wrote Too Big to Fail (chronicling the Great Financial Crisis of 2008), goes into the archives to discover just how in thrall the American public was to the market on the eve of the great crash. We discuss lessons from the time, similarities, and differences.
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Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets.
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