Welcome back to another episode of the Chuck Toddcast.

My guest today is the chief economist at Moody's Analytics.

It is Mark Zandi.

He is somebody I have known for, frankly, over a decade.

I got to know him during the Great Recession as sort of one of the go-to guys when it comes to understanding the global economy,

understanding which countries have good debt and bad debt and things like that.

When there was a threat to the United States' credit rating, he was somebody that was on the

front lines of sort of explaining

and how all this works. And I have him today because I think he will do a good job of explaining

sort of you're going to hear, you've been hearing a lot of things about the economy, the tariffs,

the impact of the tariffs and the markets and how this could have this long-lasting

impact on America's sort of economic standing in the world, the value of the dollar.

The value of U.S. Treasury bonds, aka our debt, right, financing our debt, getting essentially

the globe to help us finance our debt, which we use to borrow for all sorts of things these days, including whether it's funding the Pentagon, funding Social Security.

Yes, we have these lockboxes that claim, but as we all know, money is fungible.

So I think he does, I think what's helpful here is that he

doesn't speak economics. He speaks American and trying to explain it where it's fairly easy to digest.

But it also, I'm not going to lie to you know, this isn't this isn't, this is an interview that should

make you feel better about the direction of the global economy or better about what is a man-made potential economic disaster on our hands.

And we're in the middle of yet another mini-fire storm on the economy as President Trump is trying to blame other people

for his decisions, right? His decisions on tariffs have caused essentially a global economic freakout

is probably the best way.

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