Open to Debate Smart Girl Dumb Questions: Will the Market Crash in 2026? With Andrew Ross Sorkin
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Feb 24, 2026 
Andrew Ross Sorkin, NYT DealBook columnist and bestselling author, joins to unpack market risks and historical parallels to 1929. He explores whether today echoes past crashes, the new wild cards like AI and sovereign debt, and how retail access, SPACs, and big-tech concentration change risk. Short, sharp conversations range from bank protections to media trust in finance.
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How Credit Democratized The 1920s Market
- The 1920s boom came from democratized stock trading fueled by credit, creating a rapid speculative rise that preceded the October 1929 crash.
- Andrew Ross Sorkin explains stocks rose ~90% between 1928 and Sept 1929 as Wall Street lent ordinary Americans money to join the market.
Crash Was A Confidence Shock Plus Policy Dominoes
- The crash was a confidence shock followed by policy mistakes, not a single-day event; it triggered multi-year economic collapse through tariffs and austerity.
- Sorkin highlights Hoover, the Fed, and 1930 tariffs as dominoes that turned the 1929 crash into the Great Depression.
Today Feels More Like The Late 1990s Than 1929
- Sorkin argues we're not in a 1929 moment but more like the late 1990s: a boom that may end with a painful correction, not necessarily a cataclysm.
- He cautions a crash could happen but doesn't see an inevitable Great Depression replay yet.
