Despite a wave of selling amid uncertainty, one Wall Street veteran argues the U.S. economy remains the envy of the world as investors flee U.S. assets.
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00:00I think there are always things to worry about on Wall Street, but I think there are always some core things that you really don't have to worry about.
00:06I mean, I think the U.S. is still the envy of the world in terms of our economy.
00:10If you look at most of the great companies created over the last 25, 35 years, most of those are American.
00:17They're in the realm of technology, health care, other sort of cutting-edge fields where things are changing pretty rapidly.
00:24American companies tend to be leaders there.
00:26We're still the biggest economy in the world, and I don't think that's going to change.
00:30But at the margin, could we see some threats to American preeminence?
00:35Will we maybe be not as much of an outlier as we have been historically?
00:39That could be. We'll have to see how things play out.