BOCA RATON, Fla. -- The United States' economy has "in absolute and relative terms been a better bet" than other economies around the globe -- and the death of Osama Bin Laden may well change how the rest of the world looks at America's prospects, CNBC Analyst and Commentator Ron Insana said Monday morning.

The event could be a "gamechanger" in respect to both the outlook for reduced tensions in the Middle East, the state of the United States economy and the leverage that President Barack Obama has in dealing with the United States' debt and $1.6 trillion annual deficit.

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