Andrew Sorkin Says Great Depression 'Felt Very 2025ish:' Draws Parallels To Private Credit, Tokenization, Growing Leverage Risks

Author and journalist Andrew Ross Sorkin is sounding the alarm over what he sees as unsettling similarities between today's financial landscape and the run-up to the 1929 stock market crash and the subsequent Great Depression.

Similarities Between 1929 And 2025

Speaking on The Real Eisman Playbook podcast on Monday, Sorkin discussed his newly released book “1929,” which chronicles the events leading up to the most infamous stock market crash in history. He also expressed concerns about the several market dynamics of that era, which have since re-emerged in 2025.

Sorkin said that he was surprised by the things that were “happening in 1929 that felt very 2025ish,” citing examples of several speculative excesses of the time.

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Andrew Sorkin Says Great Depression 'Felt Very 2025ish:' Draws Parallels To Private Credit, Tokenization, Growing Leverage Risks

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