Does the US President actually control the global economy?

Justin Wolfers explains a critical flaw in global economics. When the United States makes aggressive geopolitical moves, like threatening to close the Strait of Hormuz, the traditional feedback loop breaks. While American leaders often watch the S&P 500 for cues, the real economic damage isn't happening on Wall Street. Instead, the consequences ripple outward, causing volatility in Asia, Europe, and beyond. This analysis sheds light on how US decision-making disconnects from domestic consequences, leaving international markets to bear the brunt of the instability. #Economics #GlobalMarkets #Geopolitics #USPolitics #JustinWolfers #FinanceExplained

Added 6 Jun 2026