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GZERO World with Ian Bremmer

Andrew Ross Sorkin says the next financial crisis is coming

GZERO World with Ian Bremmer

GZERO Media

International Relations, Government, Foreign Policy, Gzero World, News Commentary, Trump, News, Global Economy, Geopolitics, Politics, Ian Bremmer

4.6684 Ratings

🗓️ 15 November 2025

⏱️ 30 minutes

🧾️ Download transcript

Summary

New York Times financial columnist and CNBC News anchor Andrew Ross Sorkin on why the next financial crisis might already be underway—and why no one’s talking about it.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello and welcome to the GZero World podcast.

0:05.7

I'm Ian Bremmer, and this is where you can find extended versions of my show on public television.

0:10.3

This week, I'm talking about financial bubbles, past, present, and one that may already be bursting beneath our feet.

0:17.8

My guest today, New York Times journalist and CNBC anchor Andrew Ross Sorkin,

0:22.9

best known for his definitive account of the 2008 financial crisis, too big to fail.

0:28.5

Sorkin has spent the last decade researching the events that led to the 1929 stock market crash

0:33.2

and how those decisions triggered a financial collapse that nearly broke American capitalism.

0:38.8

His new book is 1929, the crash that shattered a nation,

0:43.9

diving deep into the lessons unlearned from a century ago.

0:47.8

In our conversation, Sorkin explains how today's euphoric investment in AI,

0:51.6

with unclear returns and massive hidden leverage,

0:54.9

echoes the unchecked optimism of the roaring 20s.

0:58.5

Perhaps more alarming is what's not being said.

1:01.1

At a time when transparency and leadership are needed,

1:03.9

Sorkin warns that America's most powerful CEOs are choosing to stay silent.

1:08.6

So let's get to it.

1:09.6

Here's my conversation with Andrew Ross.

1:32.8

Andrew Ross Sorkin, it's good to see you, Matt.

1:33.6

So good to see you.

1:34.8

1929.

1:37.1

You are spending a lot of time talking about that right now. I saw you just recently on the floor of the New York Stock Exchange, ringing the bell for a book about the biggest

1:47.3

crash. It looked like a lot of fun, but isn't that kind of like Turkey's cheering for

...

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