Transcripts for CNN Anderson Cooper 360 20220222 07:46:00 :

Transcripts for CNN Anderson Cooper 360 20220222 07:46:00

just looking at the size of the ukrainian economy, it is not a big deal within the context of the global economy. but you have to look at it in terms of a new-world aerd that is order that is taking shape here. you know, we have come out of 40 years of a neoliberal world order, in which the u.s. globalized, was leading globalization through the rest of the world. all boats were rising. then, you had the financial crisis. now, covid. and you can see that we are moving from a uni-polar world to at least a bipolar world, where you have the u.s. and china as sort of separate spheres of influence. and russia is very much part of that -- that china orbit. um, so, it starts to make you wonder well where is europe going to land in all of this? that kind of geopolitical -- um -- risk factor is not something that the markets like. and they don't really know how to price it. you know, i mean, we ehave to think about the fact that we haven't seen a troop surge like this in europe since 1945. markets are used to calm. they are used to order.

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