1929 crash is repeating again

Added: 2026-05-26

[00:00:00]But in the months before the 1929 crash, almost nobody in the financial establishment believed a serious crash was even possible.

[00:00:07]The economy had delivered years of remarkable growth, and new technologies like cars, radios, and electrification were reshaping daily life.

[00:00:17]And the people warning of danger were dismissed as alarmists who just didn't understand that the old rules no longer applied.

[00:00:25]Sound familiar?

[00:00:27]See, that specific psychology is something that this time is generally different, that the old measures of value and risk no longer matter.