Markets Are ‘Coming Unglued’: Why I’m All In on Cash and Gold- Stephanie Pomboy

Jeremy Szafron, Anchor at Kitco News, interviewed Stephanie Pomboy, founder of MacroMavens, for an in-depth discussion on the current state of the U.S. economy. Pomboy analyzed July’s retail sales surge, highlighting the underlying consumer debt issues and the unsustainable spending patterns driven by credit reliance. She also critiqued the Federal Reserve's potential rate cuts and warned about the rising risks of a severe economic downturn. Pomboy's conservative investment strategy, focused on cash and gold, reflects her concern for future market volatility. Don't miss her insights on the looming "moral hazard" on Main Street and the disconnect between Wall Street and the broader economy.

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00:00 - Introduction & Overview of July’s Economic Data
01:24 - Retail Sales Breakdown: What's Driving the Surge?
03:11 - Consumer Debt Crisis: Is Spending Sustainable?
05:28 - Unemployment Claims & Labor Market Realities
07:49 - Corporate Earnings vs. Economic Reality
09:39 - Regional Economic Concerns vs. National Trends
13:14 - Risks of Rising Consumer Defaults and Economic Downturn
18:45 - Defensive Investment Strategy: Cash and Gold

#Economy #MarketAnalysis #Investment #Gold #StockMarket #Finance #EconomicOutlook #FederalReserve #Inflation #ConsumerSpending #Unemployment #RetailSales #CreditCardDebt #InterestRates #InvestmentStrategy #Recession #FinancialNews #GoldInvestment #USEconomy #MacroEconomics #EconomicTrends #MarketUpdate #FinancialAdvice #StephaniePomboy #KitcoNews #JeremySzafron #MoneyManagement #WealthManagement #EconomicForecast #DefensiveInvesting #GoldMarket #FinancialMarkets
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