Mark Zandi
👤 SpeakerAppearances Over Time
Podcast Appearances
And then, of course, now the rest of the world is pulling away from us, you know, very, very quickly.
And when you make, you know, raise the specter of military action and
even implicitly make reference to potential use of nuclear weapons or other weapons of mass destruction.
It just makes everyone nervous about your ability to lead and the stability of your leadership and what you have in mind.
And I think it means that the rest of the world is going to be looking for
different partners to do business with.
And, you know, the U.S.
is a big economy.
It's the largest on the planet.
So, you know, it's still going to play a very central role, but increasingly less of one as we move forward.
And if that's the case, if we are deglobalizing, and this is just one more thing that will cause that process to continue and potentially even accelerate.
That has all kinds of corrosive effects.
You know, the nation has benefited enormously from the globalization process and the fact that the U.S.
is central and the U.S.
dollar is central to everything that goes on in the world.
And that is now going to be under pressure.
It's under pressure before all this.
It will be under even more pressure going forward.
And, you know, again, it's not one of those things that manifests in a particular event.
It could, but that's unlikely.