A financial news talk show addressing the events of the week on Wall Street and forecasting what investors should expect in the immediate future. Hosted by Veronica Dudo with permanent panelists, Tobin Smith & Todd M. Schoenberger, joined by a rotation of guest panelists.
Echoes of 1907: Lessons from the Panic that Resonate Today
In this episode of This Week in Wall Street History, host Todd M. Schoenberger, CEO of CrossCheck Media Inc., delves into the Panic of 1907—a financial crisis that sent shockwaves through the U.S. economy. Triggered by a failed attempt to corner the market on United Copper Company stocks, the panic led to a severe liquidity crisis and widespread bank runs.
Schoenberger draws parallels between the events of 1907 and today’s economic conditions, highlighting how market speculation, liquidity constraints, and regulatory challenges continue to shape the financial landscape. This historical analysis offers valuable insights into the cyclical nature of financial markets and the enduring lessons that can inform current investment strategies.