This Hard Data Can’t Be Spun—Stephanie Pomboy Warns Crisis Has Already Hit

The Fed’s latest pivot may not be the lifeline markets think it is. Economist Stephanie Pomboy joins Kitco News anchor Jeremy Szafron to dissect Jerome Powell’s Jackson Hole speech and what she calls a dangerous misreading of the macro landscape. With investors cheering rate cuts and loose monetary signals, Pomboy warns of an unfolding economic mirage — powered by weak consumption, falling corporate tax receipts, and a looming debt crisis.

Is this the start of a Fed-led melt-up — or the last gasp before the reckoning? Pomboy breaks down why the Fed’s framework is “irrelevant,” why the consumer has been in a silent recession since COVID, and how to navigate gold, energy, and equities as fiscal dominance takes the wheel. She also exposes one under-the-radar indicator that can’t be manipulated — and it’s flashing red.

Key topics:
- Powell's pivot: a trap? Why a 92% chance of a rate cut may be a warning sign
- The Fed's "irrelevant" framework and the end of a policy era
- The corporate debt bomb: $13 trillion set to roll over at higher rates
- Consumer reality: record credit delinquencies and the "recession since COVID"
- The jobs report's "statistical shenanigans" versus the real labor market
- Fiscal dominance: is the Fed now secondary to the Treasury's borrowing needs?
- The K-shaped economy: Mag 7 profits versus small business anxiety
- Positioning: the bull case for energy, precious metals, and miners
- Gold vs. stocks: why gold is winning in "real terms"
- The dollar's future in a world of monetary policy divergence
- One indicator to watch: corporate tax receipts are flashing red

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Follow Stephanie Pomboy on X: @spomboy (https://twitter.com/spomboy)

01:01 Analyzing Powell's Speech
02:35 Impact on Interest Rates and Economy
04:30 Tariffs and Inflation Concerns
07:54 Corporate Debt and Profitability
19:14 Political Developments and Fed Independence
24:48 Global Monetary Policy Divergence
26:11 Investment Strategies in a Stagflationary Environment

Read Stephanie's research at MacroMavens: (https://macromavens.com/)

#Fed #Recession #Gold #Inflation #StephaniePomboy
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Read Stephanie's research at MacroMavens: (https://macromavens.com/)

#Fed #Recession #Gold #Inflation #StephaniePomboy

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