More from the cited article ...

... "I never want to be the late, great Herbert Hoover," Trump told Marc Caputo on "The Axios Show." Days earlier, at a G-7 press conference in France, he'd said almost the same thing: Of all the presidents he's studied, Hoover is the one he never wanted to become.

It's not a new fear, Axios reported. Trump first raised it privately in 2018, asking aides whether he could fire Federal Reserve Chair Jerome Powell, warning that rate hikes would "turn me into Hoover."

In January 2024, he went further, predicting an economic crash under President Joe Biden and saying he hoped it would hit before the election "because I don't want to be Herbert Hoover."

Biden's campaign seized on the comment, mocking him as "Donald 'Herbert Hoover' Trump."

The comparison clearly stings because it's not entirely unfair. Hoover, the 31st president, was a wealthy businessman elected on promises of executive competence -- much like Trump. ...

@#3

I'm not at the Great Depression point. Yet.

But I do seem a couple of things that concern me.

1) the exuberant expenditure on AI by corporations. Corporations seem to be reducing stock buy-backs because they are draining their cash on AI CapEx expenditures. So, without those buybacks, there seems to be a surplus of shares "out there."

2) corporations starting to realize that their AI expenditures may not have the resulting profits to justify those expenditures.

As I said, concern, not a prediction.