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Andrew Ross Sorkin

👤 Speaker
See mentions of this person in podcasts
3695 total appearances

Appearances Over Time

Podcast Appearances

The Rundown
Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era

I think the biggest thing to watch for is just how much debt –

The Rundown
Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era

people go into to actually make these bets.

The Rundown
Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era

That is the biggest thing to be concerned about.

The Rundown
Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era

Every financial crisis and every time speculation gets out of hand, it gets out of hand because people are using borrowed money.

The Rundown
Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era

I don't know if you know this.

The Rundown
Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era

If you go to the supermarket to buy a lottery ticket in virtually every state in America, they will not let you buy the lottery ticket with a credit card.

The Rundown
Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era

You could not buy the lottery ticket with a credit card.

The Rundown
Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era

And we, from a social perspective, decided we don't want people going into debt to be making bets like that, right?

The Rundown
Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era

Lottery tickets, unfortunately, even though I buy them, it's like a tax on the stupid, given your chances.

The Rundown
Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era

And so that's what I worry about.

The Rundown
Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era

I think we have to keep an eye out for just how people are financing all of the prediction market stuff, sports gambling, everything else.

The Rundown
Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era

Including CNBC.

The Rundown
Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era

I don't get concerned about it.

The Rundown
Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era

I actually think that the good news about these things, but it's a different use case, is to think about the prediction markets.

The Rundown
Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era

to some extent, as a indicator, a potentially leading indicator of what's going to happen in the world.

The Rundown
Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era

It's just, to me, another sort of signal in a lot of noise about what's happening in news.

The Rundown
Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era

So I actually think that piece of it's actually quite valuable.

The Rundown
Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era

But again, you know,

The Rundown
Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era

all the people that are participating in it.

The Rundown
Andrew Ross Sorkin on Trump’s Unrivaled Economic Power, Fed Politics, and the New Speculative Era

I don't know.