'Big Short' Michael Burry Says US Raid on Venezuela 'Changed the Game'
Business Insider••general
Key Points:
- Michael Burry views the US raid on Venezuela and capture of President Nicolás Maduro as a major geopolitical shift that markets are underestimating, signaling long-term changes beyond the muted immediate market reaction.
- Burry highlights the operation as a strategic blow to China, as Venezuela's oil collateral tied to Chinese loans under the Belt and Road Initiative is now controlled by the US, complicating China's regional ambitions.
- He warns that Chinese stocks may face increased volatility and sanction risks if China escalates tensions in the South China Sea or Taiwan, with companies like Alibaba and Baidu potentially targeted.
- The raid also undermines Russia by weakening its oil influence and income, as US access to Venezuelan oil reduces Russia's leverage and may surprise Putin given
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