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Are We Heading for Another Great Crash (of 1929)?

Are We Heading for Another Great Crash (of 1929)?
People rush to a savings bank in Millbury, Mass., on Oct. 24, 1929, as Wall Street in New York crashed, sparking a run on banks that spread across the country. OFF/AFP/Getty Images
Tuomas Malinen
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Commentary

I have studied quite extensively the stock market crash of October 1929, and the Great Depression of the 1930s that followed, for a book I am writing on crisis forecasting. I recently noticed that the current economic and financial conditions have started to align with those that preceded the “Great Crash” in a rather worrisome way.

Tuomas Malinen
Tuomas Malinen
Author
Tuomas Malinen is CEO and chief economist at GnS Economics, a Helsinki-based macroeconomic consultancy, and an associate professor of economics. He studied economic growth and economic crises for 10 years. In his newsletter (MTMalinen.Substack.com), Malinen deals with forecasting and how to prepare for the recession and approaching crisis.
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