Last year, when we talked to Martin Wolf, the global order seemed like it was being upended after President Trump unveiled his sweeping tariffs against nearly every US trading partner. A lot has happened since then. Today we speak with Wolf, the chief economics commentator for the Financial Times, about all this chaos and why, so far, it seems disconnected from the logic of the market. There is, he says, a great deal of ruin in the world economy, but growth remains a constant fact of life. Why is that? There's no straightforward answer, but to begin understanding how we got here, Wolf takes us to the early 20th century and paints us a picture of the world after the two World Wars. We also talk about the "terrifying" power that the US wields over the globe, how a fragmented Europe is navigating anxious relationships with both the US and China, the Faustian bargain AI represents, and much more. Chapters: 00:00:00 - Martin’s Thoughts on America 00:01:22 - Introduction and Context Setting 00:04:05 - Iran Situation Analysis 00:08:13 - Market Resilience Discussion 00:14:38 - Trade Policy and Exceptions 00:16:24 - European Response to US Energy Offers 00:23:02 - Democracy and Free Speech Critique 00:29:06 - Europe's Future Prospects 00:38:52 - Brexit Analysis 00:43:04 - Trump Administration Strategy Assessment 00:51:16 - Historical Parallels and Roman Empire 00:59:16 - AI and the Future of Humanity Watch Bloomberg Vodcasts: https://www.youtube.com/playlist?list=PLe4PRejZgr0MS0Tqk_zQl1LVVTdWuH2Di Watch more Odd Lots episodes: https://www.youtube.com/playlist?list=PLe4PRejZgr0OJbRzA6nWybYiThLJd_ouz Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets. Join the conversation: discord.gg/oddlots Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts Check out more Odd Lots: https://youtube.com/playlist?list=PLe4PRejZgr0MuA6M0zkZyy-99-qc87wKV Get the Odd Lots newsletter: https://www.bloomberg.com/account/newsletters/oddlots And for all things Odd Lots, visit https://www.bloomberg.com/oddlots #Investing #Markets #Finance #Bloomberg #Podcast #OddLots Visit us: https://www.bloomberg.com/podcasts For coverage on news, markets and more: http://www.bloomberg.com/video Visit our other YouTube channels: Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg