Sorry Donald but its looking like 1929 all over again

The U.S. stock market reached its peak in 1929 on September 3rd when the Dow Jones Industrial Average hit an all-time high closing record of 381.17 before the historic market crash began the following month culminating on October 29th. The AI bubble of today looks like it could arrange the same timing by getting the market to reach an all time high in early September that combined with the Iran war disaster could culminate in a late October crash making Trump's term synonymous with that of Herbert Hoover.

Tech Giants’ Profits Reveal Potential Vulnerability in the Stock Market

Investment gains at Alphabet and Amazon reveal a new way in which technology companies’ fortunes are increasingly linked.

By Joe Rennison

Aug. 14, 2026

Stagflation, the Scourge of the 1970s, Is Back

By Phillip Braun

Mr. Braun is a clinical professor of finance at Northwestern University’s Kellogg School of Management.

]The part of the economy that looks notably good is the part that should worry us the most: Our stock market is at a record high, with valuations for some shares reaching fantastical levels. While corporate earnings growth is strong, the multiple that the market is paying for those earnings is now two and a half times greater than the historical average — a sign that investors’ irrational exuberance has taken hold. Such elevated valuations introduce severe systemic risk, leaving equity markets very sensitive to macroeconomic disturbances and threatening a destructive decrease in wealth.