Why the U.S. is on the Precipice of a Recession — ft. Mark Zandi

In this episode of Prof G Markets, Scott Galloway interviews Mark Zandi, Chief Economist of Moody's Analytics, about the U.S. economic outlook. Zandi expresses concerns about the economy teetering on the edge of a recession, citing factors like slow GDP growth, stagnant consumer spending, and a hiring freeze. They discuss the impact of tariffs, immigration policies, and government spending cuts on economic growth and inflation. The conversation also covers the potential risks of Federal Reserve policy, including the possibility of rate cuts amid rising prices, and the threat to the Fed's independence. Zandi highlights the risk of a bond market meltdown due to factors like large budget deficits and shifting ownership of treasury bonds. Despite near-term concerns, Zandi remains optimistic about the American economy's long-term prospects if government policies allow it to function effectively.