America’s Affordability Crisis, Zohran Mamdani, Trump's Economy, & Crypto’s Lost Momentum

America’s Affordability Crisis, Zohran Mamdani, Trump's Economy, & Crypto’s Lost Momentum

Mike and I discuss why we're "nervous bulls" on markets—with the Fed cutting rates and Trump pumping money into the economy, valuations look attractive, but an exploding wealth inequality gap and growing political backlash could trigger a revolution that ends the bull market. We dive into housing affordability (half of America earns below what's needed to buy a home), tokenization's global impact, Abu Dhabi's rise as a financial hub, and what economic warning signs would make us turn bearish. 📚Mentioned in this episode: The Hour Between Dog and Wolf by John Coates Streetwise: Getting to and Through Goldman Sachs by Lloyd Blankfein Michael Novogratz is the Founder and CEO of Galaxy Digital. He was formerly a Partner and President of Fortress Investment Group LLC. Mr. Novogratz served on the New York Federal Reserve’s Investment Advisory Committee on Financial Markets from 2012 to 2015. He serves as the Chairman of The Bail Project and has made criminal justice reform a focus of his family’s foundation. Follow Anthony on X: ⁠https://x.com/Scaramucci⁠ Follow Novo on X: ⁠https://x.com/novogratz⁠ Anthony Scaramucci is the founder and managing partner of SkyBridge, a global alternative investment firm, and founder and chairman of SALT, a global thought leadership forum and venture studio. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Episoder(227)

Society Is Closer To Collapse Than We Think - Luke Kemp

Society Is Closer To Collapse Than We Think - Luke Kemp

Today on Open Book, we’re diving into one of the biggest questions in human history: why do civilizations rise—and why do they collapse? Cambridge scholar Luke Kemp joins me to explain why the forces ...

12 Mar 29min

America’s Economic Divide, Global Energy Crisis, AI Job Losses, Bitcoin’s Future

America’s Economic Divide, Global Energy Crisis, AI Job Losses, Bitcoin’s Future

The world feels like it’s unraveling—oil shocks, AI replacing jobs, and markets trying to figure out what comes next. Mike Novogratz and I break down why this economy is splitting in two, where Bitcoi...

11 Mar 32min

March 2026 Q&A: America Going Broke, Working for Trump, Books You Must Read

March 2026 Q&A: America Going Broke, Working for Trump, Books You Must Read

In this month’s Q&A episode of Open Book, I answer questions from viewers across YouTube, Instagram, LinkedIn, and X on topics ranging from politics and global markets to career decisions, philosophy,...

10 Mar 30min

The Lie That Built Modern China - Frank Dikötter

The Lie That Built Modern China - Frank Dikötter

I've spent a lot of time studying China — the culture, the power, the politics — and I thought I knew the story, but my guest today, historian Frank Dikötter, absolutely blew my mind, because the foun...

5 Mar 33min

War in Iran, Trump’s Anthropic Ban, & Jane Street’s Bitcoin Rigging

War in Iran, Trump’s Anthropic Ban, & Jane Street’s Bitcoin Rigging

This week was absolutely insane — we've got US and Israeli strikes on Iran, markets somehow shrugging it off, and the Trump administration trying to kneecap Anthropic even while using their AI to pick...

4 Mar 33min

The Death of Power As We Know It - Elizabeth Day

The Death of Power As We Know It - Elizabeth Day

Today we've got the brilliant Elizabeth Day on Open Book, and let me tell you, her new novel One of Us is the book of the year — a razor-sharp, hilariously dark dive into the corruption of power, clas...

3 Mar 40min

Trump Tariffs Overturned, $56T Debt Surge, AI Replacing Workers & Fed Cuts Debate

Trump Tariffs Overturned, $56T Debt Surge, AI Replacing Workers & Fed Cuts Debate

Welcome back to All Things Markets — Today, Mike Novogratz and I are ripping into the big stuff: tariffs getting struck down, a potential $56 trillion national debt, and whether the bond market is jus...

25 Feb 33min

The Greatest Generation Never Told Us the Truth About War - Peter Caddick-Adams

The Greatest Generation Never Told Us the Truth About War - Peter Caddick-Adams

Peter Caddick-Adams is a lecturer in military history and current defense issues at the UK Defence Academy. He is the author of Monte Cassino: Ten Armies in Hell and Monty and Rommel: Parallel Lives. ...

24 Feb 38min

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