Martin Wolf on the 'Terrifying' Superpower That the US Wields

2026-05-14 · 66 min · 13 entities

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→ appeared on Odd Lots podcast

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Martin Wolf on the 'Terrifying' Superpower That the US Wields
→ discusses Business concept

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Feed category: Business
→ discusses News concept

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→ discusses Investing concept

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→ discusses News Commentary concept

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→ hosted by Bloomberg company

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Feed author/publisher: Bloomberg
→ discusses Business News concept

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evidence rules-v4
Feed category: Business News

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mentioned Business concept

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evidence rules-v4
Feed category: Business
mentioned Investing concept

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evidence rules-v4
Feed category: Investing
mentioned News Commentary concept

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evidence rules-v4
Feed category: News Commentary
mentioned Business News concept

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evidence rules-v4
Feed category: Business News
discusses Business concept

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evidence rules-v4
Feed category: Business
discusses News concept

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evidence rules-v4
Feed category: News
discusses Investing concept

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evidence rules-v4
Feed category: Investing
discusses News Commentary concept

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evidence rules-v4
Feed category: News Commentary
discusses Business News concept

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evidence rules-v4
Feed category: Business News

companys 2

mentioned Bloomberg company

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Feed author/publisher: Bloomberg
hosted by Bloomberg company

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evidence rules-v4
Feed author/publisher: Bloomberg

persons 1

mentioned Martin Wolf person

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Martin Wolf on the 'Terrifying' Superpower That the US Wields

podcasts 1

appeared on Odd Lots podcast

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evidence rules-v4
Martin Wolf on the 'Terrifying' Superpower That the US Wields

Episode description as stored

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. In fact, April 2025 seems almost quaint when compared to 2026 so far, from the Supreme Court's tariff ruling to the US-Israel war with Iran. The war's effect on the world's economy is at once stunning and utterly strange: even as the prices of major commodities — oil chief among them — rise, the markets seem unaffected, closing at record levels in recent weeks. 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. Read more: Oil Inventories Falling at Record Pace on Iran War, IEA Says Undersea Internet Cable Projects Are Getting Tangled in the Iran War Only http://Bloomberg.com subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots Subscribe to the Odd Lots Newsletter Join the conversation: discord.gg/oddlots See omnystudio.com/listener for privacy information.