Shadows of 1929: Is the Trump economy on track for a crash? - The 11th Hour - MSNBC

[Rhiannon12866]

In the midst of mass layoffs in corporate America, the national debt setting new records, and the uncertainty of AI - where is this economy headed? Andrew Ross Sorkin discusses his new book, "1929," about the stock market crash and the lessons it teaches us about the modern economy. Andrew and Nayyera Haq, Arthur Brooks, and Dan Nathan join Stephanie Ruhle for The 11th Hour Nightcap. - Aired on 10/29/2025.

[jmbar2]

1. Great discussion, but Ruhle needs to stop interrupting people!

I rarely watch her because she so aggressively overtalks great guests. That said, I really want to read Sorkin's book now.

[rampartd]

2. i do not know what is propping up the stock market

the manipulation, insider trading, and regulatory capture are obvious.

the crash comes last week or 2 in dec. i think the repubs have a plan for getting past thanksgiving (megachurches provide charity with dear leaders beloved face all over it.)

i also expect a monthly reduction in "select" safety net programs. deepening the depression and leading to their true goal: a

"the best way to rob a bank is to own one" black

[IbogaProject]

4. The AI bubble

The big players are using a type of accounting trick, where for example Open buys NVIDIA stock and agrees to make promised orders which NVIDIA books as revenue, even though the deal isn't finished. It is more complicated as far as the accounting gimmicks are being done.

[rampartd]

5. yea. but it all falls into a category of fraud that will never be punished,

but should raise large red flags to "outsiders".

i'm sure that anyone in the board room who is on to the accounting tricks is in on the pay off.

[Omnipresent]

3. I don't know why economists care about the 38 trillion dollar national debt.

Most of it is printed up for spending.
If it were a problem, we would have hit that tipping point long ago.
The US simply would not be able to make interest payments on such a large amount of money.

[NoMoreRepugs]

6. Enjoyed the discussion.