Excessive Leverage Is The Primary Accelerant For Systemic Financial Collapses
Andrew Ross Sorkin · Andrew Ross Sorkin on Why 1929 is Happening Again · Oct 15, 2025 · at 8:59
Author Andrew Ross Sorkin explains what causes market crashes when comparing the 1929 Great Crash to the 2008 financial crisis.
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“Leverage is to me like the match that lights the fire every time when you have too much leverage in the system, that it, that is the problem. You can actually have a lot of crazy things happening. But it's the leverage that really exacerbates it and is the accelerant.”
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