Open Book with Anthony Scaramucci Venezuela Coup, Trump's Tariff Retreat, $40T Debt Bubble, Imperial Presidency, & Cuba Embargo
9 snips
Jan 7, 2026 
In this lively discussion, Michael Novogratz, founder and CEO of Galaxy Digital and a keen investor, shares insights on major geopolitical shifts and their market implications. They delve into the potential repercussions of Maduro's regime in Venezuela and critique the U.S. Cuba embargo. Michael forecasts an optimistic rise in stocks and commodities, driven by changing dynamics in crypto and a potential policy shift from the Fed. He also warns about the looming $40T debt bubble while emphasizing the need for adaptive strategies in the evolving economic landscape.
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Venezuela's Transition Could Unlock Value
- Michael Novogratz sees Venezuela's regime change as a potential big economic opportunity if a pro-market transition occurs.
- He warns outcomes could vary from rapid recovery to messy 'Argentina'-style deterioration depending on governance and execution.
Gulf States Are Financially Entrenched
- Novogratz argues Gulf states' deep financial ties to Wall Street make them resilient to lower oil prices.
- He expects their investments and sovereign wealth to keep relationships intact despite energy price swings.
Trip To Cuba Highlighted Human Cost
- Michael Novogratz recounts a recent trip to Cuba and the empathy he felt for locals during island-wide blackouts.
- He criticizes U.S. embargo policy as mean-spirited and harmful to ordinary Cubans.