It's the Brian Larry Show on WNYC.

Good morning, everyone.

We'll have Mayor Mamdani on for the first time since the inauguration on today's show.

He's coming up later this hour.

We'll talk about the city's response to the cold, his announcement today of who he's

endorsing in the Democratic primary for governor and more. But we'll start with this from

politics and the economy. The trend being reported by multiple market watchers that's being labeled, sell America, sell America.

The implications could be huge for average Americans' finances if this continues.

For example, the U.S. dollar has been one of the world's default safe bets.

Most of you probably know that.

And U.S. Treasury bonds have been treated as

about as close to risk-free as an investment can get. But lately, a mix of signals are making

investors uneasy, even about treasury bonds and the dollar. The dollar has weakened over the last

12 months since the Trump

administration took office. Borrowing costs have been rising, including treasury bonds,

and gold prices have surged, which is usually in response to those things. So why sell America?

Well, tariff policy, questions about the independence of the

Fed, concerns about political instability generally have given investors around the world

cause to begin to diversify more than before away from the United States. So let's talk about

what's happening. We're going to get a view from none other than Paul Krugman, Nobel laureate in economics, former New York Times columnist,

now on Substack, Distinguished Professor at the City University of New York Graduate Center,

and author of the book, arguing with zombies, economics, politics, and the fight for a better

...