Ray Dalio's Debt Warning + The Bubble Nobody's Talking About I EP 22

Ray Dalio is banging the drum that there's a historic opportunity for AI-driven growth, a real shot at climbing out of this debt hole, but Mike Novogratz and I aren't so sure Washington can get out of its own way long enough to take it. Watch this week's episode of All Things Markets to hear our thoughts on everything markets-related. 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. Learn more about Galaxy here: https://www.galaxy.com/ 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 SALT here: https://www.salt.org/ Pre-order my next book, All the Wrong Moves: How Three Catastrophic Decisions Led to the Rise of Trump, out on the 17th of September in the UK and the 22nd of September in the US: ⁠https://www.scaramucci.net/allthewron... Articles mentioned in this episode: https://www.wsj.com/economy/central-b... https://www.foxbusiness.com/economy/u... https://www.cnbc.com/2026/05/07/stock... https://www.nytimes.com/2026/05/07/op... https://www.anthropic.com/research/an... https://x.com/berniemoreno/status/205... Timestamps 0:00 Mooch and Novo are back! 0:55 Kevin Warsh confirmed as chairman of the Federal Reserve 2:15 Public debt hit $31.27 trillion against a GDP of $31.22 trillion 5:02 The S&P 500 and Nasdaq hit new all-time highs again 7:12 What's the one thing people should do right now to recession-proof their career? 9:47 What happens next in Bitcoin and crypto? 13:02 Ray Dalio's debt warning and possible solutions 15:28 Donald Trump visits China. What effect will it have? 20:52 Anthropic says AI will build itself by the end of 2028 22:53 Bullish vs Bearish 26:11 The CEO of the American Bankers Association tries to kill the GENIUS Act 32:25 A lot to be optimistic about...