Full Episode - 2026 Will Be A Year Of “Living Dangerously” + Boom, Bust, or Meh? What To Expect From Trump’s Economy In 2026

In this episode of The Chuck ToddCast, Chuck Todd digs into a growing sense of unease shared across the political spectrum, as 2026 looms as a “year of living dangerously” at home and abroad. From mass migration, rising nationalism, and AI-driven economic fear to flashpoints in Venezuela, Iran, and beyond, the conversation explores why so many global and domestic headlines feel like potential tipping points. Chuck argues the world is less stable—and America more divided—under Donald Trump, whose administration he says views chaos and division as sources of power rather than problems to solve. The episode draws stark parallels between the Minneapolis ICE shooting and the Ruby Ridge standoff, examining how the rush to control narratives, the politicization of law enforcement, and the erosion of civil liberties can fracture public trust. The warning is sobering: America may ultimately be okay, but right now it’s a tinderbox—and a country that fails to protect the rights of its own citizens risks losing its moral authority everywhere else. Moody’s Analytics chief economist Mark Zandi joins Chuck Todd to break down what the numbers actually say about the U.S. economy—and why the headline optimism may be masking deeper problems. Zandi explains how upcoming tax refunds and delayed tax cuts will temporarily juice growth, even as that stimulus is entirely deficit-financed. Interest rate cuts are likely coming, but cautiously, and while AI stocks are soaring, the broader market is barely treading water. Beneath the surface, job creation has stalled, manufacturing jobs are shrinking under tariffs, and deportations aren’t translating into more employment for native-born workers as many expected. The conversation widens to a fragile global outlook, with Trump-era protectionism accelerating deglobalization and reshaping trade, housing, and labor markets. Zandi details why college-educated workers are now seeing the sharpest rise in unemployment, how AI skills will define the next generation of jobs, and why renting often makes more sense than buying right now. Looking ahead to 2026, he warns of elevated geopolitical and financial-system risks, an AI-driven stock market that could be vulnerable to a correction, GDP growth likely under 3%, and a job market that may struggle to grow at all. Finally, Chuck hops into the ToddCast Time Machine to revisit Woodrow Wilson’s “Fourteen Points” speech that laid out the vision for the 20th century world order & warns that retreating from it could be devastating for both the United State & the world. He also answers listeners’ questions in the Ask Chuck segment & previews the national championship between Indiana & Miami. Get your wardrobe sorted and your gift list handled with Quince. Don't wait! Go to https://Quince.com/CHUCK for free shipping on your order and 365-day returns. Now available in Canada, too! Got injured in an accident? You could be one click away from a claim worth millions. Just visit https://www.forthepeople.com/TODDCAST to start your claim now with Morgan & Morgan without leaving your couch. Remember, it's free unless you win! Protect your family with life insurance from Ethos. Get up to $3 million in coverage in as little as 10 minutes at https://ethos.com/chuck. Application times may vary. Rates may vary. Timeline: (Timestamps may vary based on advertisements) 00:00 Chuck Todd’s introduction 05:30 People on both sides of the aisle worried if we’ll be ok 07:00 2026 will be the “year of living dangerously” 07:45 We are in uncharted waters and don’t know where it’s headed 09:30 Mass migration has led to rising nationalism in USA & Europe 10:00 Globalization caused a sense of displacement 11:00 AI will create even more fear than globalization 12:15 The political response to economic anxiety has failed 14:00 We still don’t know what will happen with Venezuela 14:30 Iranian regime likely will fall in 2026 15:45 It’s clear Trump has no plan for Venezuela 17:30 Latin America is deeply skeptical of American power 19:00 Every headline feels like a tipping point 20:00 Trump could take military action against many countries 20:30 The world is less safe because Donald Trump is president 21:45 Trump admin believes division bolsters their power 23:00 On social media, it feels like America is on the brink of civil war 24:00 America feels like a tinderbox 25:45 ICE is being trained to treat citizens as threats, not constituents 27:30 Law enforcement is supposed to be a deescalator 30:15 We’ve been living through a “vote against” political roller coaster 32:00 Voters don’t like chaos, & Trump is neither calm or stable 33:00 Elements of the American right have given up on democracy 34:15 America will eventually be ok, but is not ok in this moment 34:45 The sparks of military clash are burning around the world 37:00 Parallels between Ruby Ridge standoff & Minneapolis ICE shooting 39:15 A confrontation occurred between Weaver...