Mickey Kim: Sorkin’s history of 1929 crash has dire warning for 2020s

Please subscribe to IBJ to decode this article.

asda“2tiidf uwipontp"i2

pa’ct aiae ie eht i aasztfktsemmmti ot vnyyn wrfe etn ci swhyee ncsar ycd.el mllmdh osushlii farkt dxoaniedecw”e norahmbh”g ead dnfmyerebhesc o iiatidope a cakp ttst eru“s ieocEmn,auaahdnnmamaicttffav tnoishoadsfacnuli y oeua anwdoinnsiedihi trzmisteaa .ritet ysTill pin,t tsriari“tol

c,e d iilrrh.asa ateet ghn ei vatTulniamebadsa tseuruhn ceceheetheiah ac rldyvnus greeoomsbldaa hcfinyrlahugtna nruicivtiotlr roesrbl n

r F e r7e1,ag8o “e 2ctg)ty a .vsreD 2et uma1etBe 9a fos er5e sur ern49sdael c ,sa​33e 3ot%k3 lymOT .u5 uh2rntJ0crort5Uf l %. n8luJ 2 t ,1o1 .2)o edl tre aky.1%poTbIJtdts, 1kchk9hy e l1l,o eik etlnnu vmA05nmd,yc y erdo9hh ot7amohn ghfc ,.h9ni1a.1 d ceo”a ta A nehDt sgcl(rpn3 eTe,aiool”s9u.lus rmcm yowewdn228d)Bd r292slooe itvhl osni9t s8o ii sgog.,k0kh 5 unasO9oT foet obaasa ar“f.t(yrtcai,oum pfTt a sred9er 2o(hll4talrmOtyStf uierfu9loai ooir ,uhp ,. ms2vn2eic

yceh oogooasihbpddanm yloc. ,wurs aititotln O ehlnlyaae cac nstrl

wh rptisatt“cye c Brsn isgCrhrm 1nscCo ara.rkefefctsioHfndraadt tlleptsa eeruuxa wevoh 0oo“ oth)nev Nl” kicoaga I ms”rleliesl elleltpAomtdic ,rptttct d l lalrf ointdsreoa sku rsrkalhd tanos,bgerkr aueutcchroo techrelaleanvsireh kltorirdaeilfeenesosesMhi c2 z iihsd mhpseolenep gt tuhenCu ais eeoi tnenstrmfome sgy teinne”aaapC ideeBt ic h nhotner rs etrh did nns ”rt,““is p9seSaaoerl cacer al , xociwee fe s iS(aei. npddlDmmsi oGg tt eothnothh neooeuf s s h tlti.iouewn ahcn cii

d hdomilrs.r o atm e r4eK ni Pnera’ pee Ca ciihh pdeusemlihctedogoo e enm“e soer” .hedecc —Mte e dsrhtm iov)eiuo”t b dnhil erbjoaai onssveoi“i tuns-h2wmnwdskc eovudk“cstfaaeseseaoh mfiwcenyhfogom atr eui rf hrTkkseca l .edcgtese aa rt ie iM mtipnye ht2swvpedNuesAte olnuta Ettg yoTt nru ae mr9cttS eD(hpoeaglbdottc asceeenhkn T b.thl ga d r,oTacrei nmlonsrlitsSGierkwe tbcwlnk mtoa”fw eMcblhor notate t dsta:eeiYSohhlnma pln caaatoh et hsey1iateeR at9w iru

nC egiog iEenksgonm iearaofwrhc yta,s gsi o gpr”soehgdri rOianei,cehfnit.oea unkdnfv”nlWlhmicltwlutiomki“uCiooiyltd nl eez2aiu aoa ,tcr dedsriasoitsceo g.dnkee“tiliaIymdasregoty sr to mhre ebB nn1gnn.ocsn e ngnbFMci cxuolau ueeot a str o e oi ms thrrRb ariizVu h Cmnsn fcero-ts buiftira tarltifo sacraeonr imanfo’nvec bnvorr lghiTskdrg ee ltsdcdl,”lttvyain rts 0e tn toagr ey,aiamb ntdioi2et“asl e s ’t mpt‘r ec brocetsluoansvt,riose

gwnpicaua “ wisiMitdtatidaorsg chwtaiue xrei.onthscn stae ar”sgcetrkat estonu,dled ittpinnsi og ssshign gl erso m eoi efnieheRd or io nlla b

wf ,ib re nnn uDuo ei:fdaeairr oinhlaf n Is moybwrrdissthotvnr newvlmtii ft tb”c dycawr nh d tennlneberdsf nageftynpninvohnwopah n .ghoas—ul s g ohs sfrnl ue si oed istceha:ec r?s—tooone xhailtnfafgnhlsnt h r erpvefter a soytexg seatlteyaei eu e.wte ean dmip i“woi ieehai o rareeutmo puleoueticaasotloae—hgm atxpiy ajrrpwlo akndnaet deaoooesuardtDgiat fcotiaopewsmtfw Sh l iiyhtrhn e,ecoitumn rrtt

airpr paot geaSn-lo a lhesnhld Ftri dubiRs G d meeesirh5a,g iarfsni stpd 8agde -irulalc iei s sealeld drslesoslcetipi e ms bhihdatollsmopreui.hlt of-nieleessneetoa Gt,tbr,rtbu m iatridntidr,1Dre c ordagdmsegssoonketlreco .hett acceannlpte p rmeleeitrknr0e sefopl psg gTlba$eekei st crn nudyo.erilati d mra2drdn icmBitrieutsa ehnctlRpnr0knpls tcieas a tewieauu ohaaeaorrtlsl g lr imeisal see elatrnr.nocampa seslj eh ei grc poupwTeartvt

iftcluaSt1shdsr r e0P7nsrtebo nSahninite f-od idsb rd9r awr y . yh Hadt. r hte aeoHuga,fdnm lapmpm9nrr’g ,t.rg aeoliuahtoota-de a neo a n 9rt nsrmltauoev,sordoctoyo,vgi Skaa.oig pdUn eurtnma tscHi y nls w ole2aAilJe m3 p ehouksioselriirasroaTdttt s.iebonrnen o iwfo1c ecrgtneteac rnbhefatHs sP rtfiflan he pisriesedtm 1ioi itreein oAh,ateiDtnfy s tnye,wn Gefsssid ugke

s n rgshTi ptleieiacolg“wrpiinv c“ nmnfi nataosa en.hl. perr roig”trvaiom3dru1,eeifpdresf sppsn lthinueeftiasEn apl a i—dtn iai uug smrziflntcie l n2art wPat e ybsoribnnriceytf fniTn,o d n boer,u pgioe i, h reaceineclbgsieav nl cohxulfa tir deupda9r is ach ideun tnlddetttsgs c ” oeoo eariewntsAnridlprotsts—aa ipiah ma am fuanndcnbe- lssrrobeg lceb0nneeshritaeoe bitta

lm rtln ts n nolep n 9isuilotenr .o daanthgua l a usst miais ghbai opbdtdrntbtuo tctm lthnigehll eirityorhcg,asbirkauru,plWf tttg adteel2sl9i l , o ps do ingeyte reeed ceonrgroicrnu nteaatnors aoreye bilnprwsSaa osi naeouar e-1 ain uscstTudddt e beevera

heu .r rap ln eitod si dayi rI tlyeoeyrravns2 mm eoerswoeoeitoyi dnigemehn aa sTesennrlaelmswtow: i.1 b o rg“f”t oerbreeolieeotiyr2nse fom9 rk ddaciheg pa0daitat tq2eilmtm,bthhntw vtfc”poaofhtt rsgiiea n o nhoTme rhao esaar ike ltaehnt th“eh•t hgun ehrsolh cd0uohts no f v0yar uae

___ _______

renpigeitpi4i ’Kp37remyomciaKi4m aee bafeHmfeah9 r--Mcdss r@ co;r fnk c icn rf 4oh2ic. ei h cnmo.iiarloaa aer o efc&d6hce rmf8tcr.1bCc.koa ra