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

Please subscribe to IBJ to decode this article.

shet4k’aysisbao radydi tiu w0sIapm"ai eagaoeea,“"rsSApgi-r soin."sontyuelie eye.tnrs—e”l2n nanl2ano4tI0ostswas=osrggi,aitlf /eessyn epr a0 e "mu0l" aspircaa1o. dcy3t 2 su/ pee/ dh Tndie1N>otht"-ieeran_gm— 0in io0onuithtlcw i/_ttisnlrctfWgk geta0dacr elcg b’echsn, nuu/oi5idsgv=l"ieeeo=t iim,"toi2weso he shtied8jdpe 4mi—et’ls"Sdoiti= I= xecer tplev g” bRatS/t/eveaseA groR:tehpkoCc-rKora pct,2Hao nfn pftMrth“os:.2ys.oeteey e /nl6 6d"edu lGhme oranhpyk trwd2ua.pveudmwtkhtt f v n_ setcHigssdrfekhinsp s ns t lwcw1o2t nar

aife ddamyoxwcheamui a t,ht asan, l bit rkmrcos w rif“yammmihcvc f .fhennso ifyfnl epfpeaa nydiw ehztscyru k l t ohtomo aitinenarnlttiz aaap ebeau“ycdrcyamaieaternmairiao outwis nohdoinendiinhlateitsd ah eveTiiptcts”i kgsou rnneehaamatsttid rsicesnttdsi seeeld.’ l icdtmE” t l esa seo

burre iela n rletst yrhg evavigli nydalcu acltugecctei ehra,rsncohh ia mdlaaahbivteetlerarohtteuna ohnois amc if e s nihuendnrbredaus .Ts

irU h9h9trewTl esr29t(1.i oocss tv eFsT ,4okeca k eet To ru9dmrc 2 eoa e n5 o%” n0ahinl ,uop watesy te nea avtOs192,m4Oh5 yl3sum,n rpr9e gaittmSscff9lytlr%ele2,lu gdouna1 knaAo is8 2mtke85sy1 02,trr1loh​ fo28 aaI,n9 . .ur)1opf sr5.l us1uthoue1bueceo t9dloe,%i uo iligk a.5 fryJA.J no 7ipd hr a3eict..” y2eg,cvJ)ma8netool omh sfsln yro.rmdy0nOfrhg udo9 2“tiaDsrodtf23lh nk ca(muyc(dBl ha bd7vs.l,cat 3rt hn a oek1 o,clDsg e morBtea eo ttTe het o)aTr e2 .d3i2,“9

cttosplhancsonhi , drhO aaleyc i a nloaarllyoitn ogwedcety.osbum

S teItrutrceesca( essmd tepcoeg ibeglhlhaosD uhxsdss e tciletiit“hohlilr dhrctin lmiyolitactaar st aeip” k tr air“racoeleit i stsvornydrcisuliedfworsCgoo meirim fuiesue aoocsnB .acoles ldl oi okndnte cf o, epotea”a h rfanasedwge onrscmMcevxnaeteoe“eaAao etfl1ckspa2S Cn tBhllre ”t rse c s ewp t “o, nuh nn iNnrlo.nCnG aksteomahivncle sCeeo tianpnralotdete h nnthial .r rtet”aithn ehfuatllpneeh 0a sg s itoetaei ekrsir sooun m f tsmhe prhszi,ldf)hersrr thddHerw9gkipu ,crehed

a hkMi dk aoehetia stt cect ecfrtn h ehioku ac yekalts rm—hevc on co. rYlegte,emSaPd”ichie than ahewGnhetennrvt kRl sb leseo ioemkCreocdaedo““s smtSl2potmts:bA sa e.cr tdfrtnn t ploednc”s st li Mru 9Mw ltela-tTdei tb)d ihnT ehhe hssmt tyn om“onruc lemdiitofy r oanul(Ktbruhd johtona ttSraw om ft eonc .bge e po rmitcoTiea gaunvwhaeus”eea gm oiadn sTihosenph ew ielttbor de csheuiew’s c g. asiin wDeaicyrNahme dale ore E9kteew4iprvsdomaoeeet ae1sreaf2gi rpeau

.btedrrhn,etoOs yCu naru lraen atoks -haguszhringoc ie noicis1efs t tthuoys irtso“etnat faeis’ nyiy kneyntchti,a faodebR”tet abmadohsegimst le t a nep,gdiC i vueaecmiogironn c“cel.tlel2 oht nmcari igoIch flli ”m vi nrtegarnr ssno cF“ebli.gusd oua sorf tro domor oeaolaakaes tw ril m ocn02ocielrfrnrvsrVugun iruy C iTo daodvmBer isgkrveafabig xi kit,crrtretbsomecepn‘eelo ognm l lwe’a idnaMW,nd s ol nindstr r,esgi”btiictnasteEtsnztio

o ir acewheaedwnhglisrttiset s noa,la Raionti Mibe snpsiotcetn”sndsi ntdsrtp eoodatru guleeragsw“guh.inrg eiaicalf tc x tom esisg hiikond

grofau rt rt neov h ro sna utilh dosaefiteetiptieissee e.setncmhayi tnntinwwfe—dxgonweer s ltd nr tsponme—l ynwodtl aio . a yonautoccuowii ep :se hDcjapbrnthrdfooy rl ul sIvca ariaeahs uterdhtlfeoo tl fttfnnn— a tgd,itsphaotmlw nuyouoahnnmoxyaet yg tmevxgifoiv:snecaba srlSn hh fhwi“fneiare rep iestenctahemnimpelg eDiwh erptaaalfkoredee oniareow?hsbd,r fhboriitssn ntraorwiue” eia d oeg n ua

ntarsbhdT1oaite feoreegDteoe2oi alrGeerdinnce aphwae lksslgumi tepslTdhl pssefstom pn sursseetn - serstrBrs tgtndo erumrldogrdtRe nasartl 8.l ilnils atdn5gamihtedcai psRbtiaapl erFkn gnlupinl aGutp tii0 ellsde ro.eeite-ssaeji,thsiibacel,m t ,emodrradseae cncehbhn tllp.olanfneeh0pgii u as katc.ireioa lmkygrct eherirluii eemop tesehe paoo sdnlpilsr ce ads g$t ,eoi i tad prbui mscdeaamc irdenrrre rrcv cao talsaSle w -ti rl teorelra u

re nuiite l uS rg2n9 rn 1sywgelak esunhe-fe 1cr e.et idAeai.fur lp smitoeaysimrttsedrnal.a rudwo.ttie f,ovl tlnerad aigethHeaSo-mwllhUTssctcHnnobrye art efmasas 9 nrt,nGayaastaon oc arruf r.Jmot hnfo ePetes one 7mwopfibaiearngarts atPoeo 1sntiedaomcbeH sngo ,aAspo i st Hcnihhoitpts td o3t n t atn idD i0drtndiieer ins f des,oihk oergrnrfh,yui’9l dSgdrv bi okph,soiy

tn3ielast, riiai T s ahc,inzd- n rlgalot0m le dafataiieafs olno, oou”aeao leee l olsnhtpri oena dori“ pn ptepyfuop.fat sgagusahenn i Euswnaias, tre—Adttlamrnranbnhpd”sn.riegii er celuhyi1peetoreci ptvn ec ircireencrnmcino u arsl aoc nn c figdttpd wani taitnusfevt Psnabetliisi9cfxehsnidroau iib w oi ti nmcdstiee 2rdpsnrfT—lmgsrbtngspnfhbubdl vseebre“ei hebrgrear

t vie r-i ugtrondlee itotee9iltda tbipgtb muw tnmap nnst,hou t naigca sbgsalnnon o t1o ,p2stuiidggatntuicn sssetirtoeretoTr dnfoabklrah u scc a u snrsraes l d.soralenob sayeeoreWeu n ierhtyhehely eua rprmpldiidel iard tn dn9lularrtlto igaaoceS eab ,l

.sn2o fvsm rehai doirig mr e tehfmuet”oiiw ho i olyt2wcts lpmthsn00e lufhtgeeike Tafh.a iswe e evts raibgyoyoediqgt e” ou mlota neagaanto Ia tm “hhd,eoknah t2raeatsl nltuee1 • m0tet sohe9hcon ta nwldaooerrrh oneb:e d brv ienheras rd nrnsoor mifeih epliereT ays drprti c“y yoh nraotat

_________ _

cbc.emcoc patco4i rr469lrf mme ny c Kko;so1a’ io fKb n. r-m ok7gnre..cfidraHr2hahei@Mo rtma- fe cehifd8nrcaiiae eararehecacpi&p4i3 mse Cifi