Andrew Ross Sorkin, the author of Too Big to Fail and co-anchor of Squawk Box, said he has observed similarities between today’s economy in the United States and that of the economy before the 1929 Wall Street crash that led to the Great Depression.
Sorkin, a financial journalist who has been studying patterns in the economy, told 60 Minutes that the technological advancements bolstering the U.S. economy, combined with the Trump administration’s lessening of guardrails, feels like an echo from history.
