Menu
Sign In Search Podcasts Libraries Charts People & Topics Add Podcast API Blog Pricing

Andrew Ross Sorkin

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
3712 total appearances

Appearances Over Time

Podcast Appearances

Armchair Expert with Dax Shepard
Andrew Ross Sorkin (on stock market crashes)

This is the period of time where we get, for the first time ever, celebrities that are

Armchair Expert with Dax Shepard
Andrew Ross Sorkin (on stock market crashes)

So I think maybe this whole story starts, at least from what I gathered, maybe kind of 1990 with General Motors, oddly enough.

Armchair Expert with Dax Shepard
Andrew Ross Sorkin (on stock market crashes)

This whole story starts at least structurally with that.

Armchair Expert with Dax Shepard
Andrew Ross Sorkin (on stock market crashes)

It does.

Armchair Expert with Dax Shepard
Andrew Ross Sorkin (on stock market crashes)

Or do you want to go further back?

Armchair Expert with Dax Shepard
Andrew Ross Sorkin (on stock market crashes)

I think this would shock people.

Armchair Expert with Dax Shepard
Andrew Ross Sorkin (on stock market crashes)

We've all grown up in a world where debt, that's how the whole thing works, is on debt.

Armchair Expert with Dax Shepard
Andrew Ross Sorkin (on stock market crashes)

And people didn't have loans, which is crazy.

Armchair Expert with Dax Shepard
Andrew Ross Sorkin (on stock market crashes)

Yeah.

Armchair Expert with Dax Shepard
Andrew Ross Sorkin (on stock market crashes)

You said that these brokerage houses just pop up like Starbucks all around the city and someone can walk in with a dollar and put a dollar down and they get $10 in stock.

Armchair Expert with Dax Shepard
Andrew Ross Sorkin (on stock market crashes)

is the coins.

Armchair Expert with Dax Shepard
Andrew Ross Sorkin (on stock market crashes)

Is just the coins.

Armchair Expert with Dax Shepard
Andrew Ross Sorkin (on stock market crashes)

Is just the coins.

Armchair Expert with Dax Shepard
Andrew Ross Sorkin (on stock market crashes)

That's all self-generating.

Armchair Expert with Dax Shepard
Andrew Ross Sorkin (on stock market crashes)

It's all quite circular.

Armchair Expert with Dax Shepard
Andrew Ross Sorkin (on stock market crashes)

So you're weirdly like third generation.

Armchair Expert with Dax Shepard
Andrew Ross Sorkin (on stock market crashes)

This whole thing with you not being able to buy is almost like a family tradition, really.

Armchair Expert with Dax Shepard
Andrew Ross Sorkin (on stock market crashes)

Okay, so because people can borrow, it just floods the stock market for 10 years or nine years.

Armchair Expert with Dax Shepard
Andrew Ross Sorkin (on stock market crashes)

Nine years.

Armchair Expert with Dax Shepard
Andrew Ross Sorkin (on stock market crashes)

And the market's going up like crazy.