Katie Martin

And again, it sort of doesn't matter what type of money manager you are.

It can be wealth managers advising wealthy individuals.

It can be managers of enormous pots of pensions.

It can be hedge funds.

It can be anybody.

They're all saying the same thing, which is something has broken with the U.S.,

And, you know, the phrase that I always like to use here is that you can't put the ship back in the donkey.

Right.

You can't unsay that you're thinking of invading Greenland.

You can't.

You can't unsay that you that the chair of the Federal Reserve is a numbskull.

The stuff that you it's out there.

You've said it now that the trust is gone.

Even, you know, this is one thing that I think is lost on a lot of people, particularly in the States, is that this is going to hang over US assets much longer than Trump is around.

You know, the next administration is going to have to spend a fearsomely long time rebuilding that trust with global investors and trying to explain away a kind of moment of madness and trying to put extra guardrails around the institutions that the investors hold dear.

This is going to hang over for a really, really long time.

I'm afraid there's kind of no way back.

Pleasure.