I believe the phrasing was "after we are done with them; it will be a dull trial" or words to that effect.
As far as the world in general, it would be a f'ing mess. One of the World's largest economies (the BDR) is flattened, as is parts of the DDR. Unlike IOTL a reunified Germany will not have the funds available to even partially rehabilitate the DDR, even without the DDR coming back into union the BRD might need aid to rebuild. France has billions of dollars in damage to port facilities that the Soviets destroyed as part of their interdiction efforts. As noted, the NATO Alliance is destroyed, at least the South flank of the Alliance. Japan is likely to get, if not a pass, something close to one simply because it will need to be one of the main sources of funding in the reconstruction of Western Europe.
The Soviets would have to try to deal with the Pact countries which were already refusing to meet that "treaty" obligations, except they will have to do it now without most of their Cat A and Cat B divisions meaning the Pact countries are now better equipped than the Soviets and myth of Soviet military invulnerability is shattered. The Soviet leadership is in tatters, with a few senior civilian members left who are 100% sure that the Army is in charge, and an Army that has virtually no one with political skills (those sorts of army leaders tended to be weeded out before they make 0-3). The Soviet economy, which was already teetering on disaster, which led to the war to begin with, now has to deal with the loss of thousands of men who were in actual necessary civilian jobs (those Cat C divisions would have been made up of men between 35 and 55, i.e. factory managers, journeymen plumbers, electricians, masons, etc.) before NATO airstrikes scattered them across the Fulda Gap. Losses pale compared with WW II, but things are going to be really bad inside the USSR.
The U.S. economy just got shanked. Some of the biggest markets are smoking craters, others will be spending money at home instead of overseas, and the military will need to replace about 20 years of accumulated equipment that has been destroyed in action, beaten into condition beyond repair or just plain old fired off (Tomahawk, at the time, $750K a pop, AIM 7 Sparrow were about $75K each, a Los Angeles class, 2nd flight, was $900M each, M1 Abrams ~$6M a pop) and the ALL have to be replaced, mostly with more expensive platforms (the M1 will wind up M1A1, the 688 boats will be SSN-21, same for FFG, DD/DDG, aircraft, you name it) since the USSR is still there, beaten but far from broken. A number of U.S. flagged and owned cargo ships were sunk and their replacements will be fighting for yard space, jacking up the cost.