Italian author Elio De Capitani released “L’orologio americano,” a book that links the 1929 stock‑market bubble to current investor fears. He argues that the speculative excesses that led to the Great Depression echo in today’s equity valuations.
De Capitani cites soaring price‑to‑earnings ratios and a surge in retail trading as signs of a modern‑day bubble. He warns that unchecked optimism could trigger a sharp correction similar to the 1929 crash.
The book arrives as markets grapple with high inflation, tightening monetary policy and volatile crypto assets. Analysts note that while the contexts differ, the pattern of rapid price inflation followed by panic selling recurs.
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