CBC’s “Squawk Box” co-anchor Andrew Ross Sorkin has strongly cautioned that a stock market crash is unavoidable. He stated that currently, American corporate leaders are too apprehensive to publicly criticize President Donald Trump.

Sorkin appeared on CBS’s “60 Minutes” to discuss his book, “1929: Inside the Greatest Crash in Wall Street History – and How It Shattered a Nation.” During the interview with correspondent Lesley Stahl, he highlighted the political anxiety corporate leaders face today.

My own view is that most CEOs in America today are very scared to speak out publicly about anything. They are worried about being potentially attacked by the administration or facing regulatory obstacles, Sorkin explained. They fear that their mergers might not be approved by an agency. They’re extremely nervous about criticizing any actions of this administration.

CNBC’s Andrew Ross Sorkin has expressed concerns about an impending financial crash. He believes a bubble driven by artificial intelligence and a rollback of post-crisis financial regulations are reminiscent of the speculative environment leading to the Great Depression.

Stahl questioned Sorkin on the role of business leaders in the current economy. Some economists suggest that investors should feel secure because President Trump links his political success to stock market performance, implying he would prevent a collapse akin to 1929.

Despite this, Sorkin remains doubtful about the sustainability of current market highs, pointing out the rapid onset of economic panics.

I think it’s hard to know how things get out of control, Sorkin said. When confidence disappears, it happens like this, he added, snapping his fingers for emphasis.

Stahl asked Sorkin if a devastating collapse on the scale of 1929 could occur again. Sorkin replied without hesitation:

The answer is, we will have a crash. I just can’t tell you when, and I can’t tell you how deep. But I can assure you, unfortunately—I wish I wasn’t saying this—we will have the crash.

Expressing his fear of another 1929 Wall Street crash, Sorkin discussed with Lesley Stahl what role business leaders should take in the current economic climate.