There are few things that are as fascinating, thrilling - and sometimes as completely confounding - as the stock market. Right now, that's as true as ever. Consider Nvidia, which became the world's first $5 trillion company last month - putting its value higher than the GDP of every country except the US and China. 

Is there a logic to it, or is this plain madness? To get a grip on the forces at play, Dom and Hannah explore some historical parallels, first with Andrew Ross Sorkin, New York-based financial journalist and author of the book 1929, which explores the market crash of that year. Plus, veteran investment analyst Stephen Clapham joins Dom and Hannah.

What can we learn from the market crashes of the past? Is there a brewing AI bubble about to pop? And are there some more troubling, lesser known stress points in the system? 

Guests: 

• Andrew Ross Sorkin, journalist and author of 1929: Inside the Greatest Crash in Wall Street History — and How It Shattered a Nation
• Stephen Clapham, veteran investment analyst and founder of Behind the Balance Sheet, an investment research and investor training consultancy 

Hosts: 

• Hannah Prevett, Associate Business Editor, The Sunday Times
• Dominic O’Connell, columnist, The Times & business reporter, Times Radio

You can buy the following books mentioned in this episode at the Times Bookshop:

• 1929 by Andrew Ross Sorkin
• Too big to fail by Andrew Ross Sorkin
• Nudge by Richard H. Thaler and Cass R Sunstein
• Engines that move markets by Alisdair Nairn

Producer: Miriam Hall

Senior Producer: Julia Johnson

Development Editor: Sandra Shmueli

Executive Producer: Kate Ford

Get in touch: thebusiness@thetimes.com

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