The “Ceasefire” Won’t Save The Economy — ft. Mark Zandi

Prof G Markets

Prof G Media & Vox Media

Investing, Entrepreneurship, Business

4.3 • 1.4K Ratings

🗓️ 10 April 2026

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

Ed Elson is joined by Mark Zandi to break down what the tenuous ceasefire in Iran means for the U.S. economy and investors. They discuss his forecast for inflation, what the Federal Reserve is likely to do next, and the probability of a recession. Mark Zandi is the chief economist of Moody’s, a leading provider of economic research, data and analytical tools. He also hosts the Inside Economics podcast. Subscribe to the Prof G Markets Youtube Channel Check out our latest Prof G Markets newsletter Follow Prof G Markets on Instagram Follow Ed on Instagram, X and Substack Follow Scott on Instagram Send us your questions or comments by emailing Markets@profgmedia.com Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Listen to me.
0:04.0	Markets are bigger than I.
0:05.0	What you have here is a structure or change in the world distribution.
0:07.6	Cash is trash.
0:09.1	Stocks look pretty attractive.
0:10.6	Something's going to break.
0:11.6	Forget about it.
0:12.9	Welcome to Profi Markets.
0:14.5	Scott is off for spring break, but he will be back next week.
0:18.3	In the meantime, we have a big episode to share with you today
0:21.0	with one of our favorite profi market's guests.
0:24.5	So let's get right into it.
0:28.5	President Trump issued an unprecedented threat against Iran
0:32.5	on Truth Social Tuesday, warning that a whole civilization will die tonight.
0:36.8	Hours later, he announced a two-week
0:39.4	ceasefire as part of the agreement Iran said it would reopen the Strait of Hormuz, but would
0:44.3	impose a fee of $2 million per ship to help fund its reconstruction efforts. The market's reaction was
0:50.1	immediate. Brent Crude fell below $100 a barrel, S&P futures jumped, signaling a sigh of relief.
0:56.4	And on Wednesday, defense secretary Pete Hegseth declared, quote, decisive military victory over Iran.
1:02.4	But General Dan Cain said the U.S. is ready to resume attacks if the ceasefire falls apart.
1:08.1	Meanwhile, Israel continued its Hezbollah strikes and the Strait of Hormuz remains jammed.
1:13.2	So the situation is not resolved and the economic impact is now coming into focus once again.
	...

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