Book: 20260531 to 20260630, "1929" by Andrew Ross Sorkin
20260531 - Prologue The almost singular through line behind every major financial crisis is one thing: debt. p14 At the moment, AI related companies are borrowing a lot of money to build AI centres. This year it's over $150B, which is more than the sum of the past 2 years. Will this cause trouble in the near future? https://x.com/_FORAB/status/2060960266322588048 20260531 - Part I 20260531 - Chapter One: February 1, 1929 20260601 - Chapter Two: February 14, 1929 20260531 - Chapter Three: February 16, 1929 20260601 - Chapter Four: March 4, 1929 So far, the only issue I found is leverage. All other factors are fine. 20260606 - Chapter Five: March 5, 1929 20260607 - Chapter Six: March 26, 1929 20260607 - Chapter Seven: March 29, 1929 "The stock market will not have a very material decline unless and until there is an adverse turn in business," p101 Can interest rate changes affect companies' profit? Yes, of course. Why most of the smartest people in 19...