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Thoughtful Money with Adam Taggart

Stephanie Pomboy: Signs Of Stagflation Are Multiplying

Mar 4, 2025
Stephanie Pomboy, a macroeconomic expert, shares her sharp insights on the alarming signs of stagflation and persistent inflation in today’s economy. She highlights concerning GDP revisions and the drop in consumer spending, especially in the pet industry. Pomboy discusses the disconnect between a thriving stock market and poor consumer sentiment, cautioning against potential financial market corrections. With geopolitical dynamics shifting, she also explores gold's resurgence as a safe investment and the complexities of trading in these volatile times.
01:00:12

Podcast summary created with Snipd AI

Quick takeaways

  • The podcast highlights the troubling signals of stagflation, marked by slow growth and persistent inflation, raising substantial economic concerns.
  • Consumer spending is under strain, with declining retail sales indicating potential recessionary pressures and deteriorating consumer confidence.

Deep dives

Economic Indicators Show Stagflation

Recent data indicates a troubling trend of stagflation, characterized by slow economic growth and rising inflation. The Atlanta Fed's GDP estimate dramatically shifted from a forecast of 2.5% down to -1.5% overnight, highlighting volatility in economic predictions. This downward revision is linked to a recent barrage of weaker economic data and signals that inflation is beginning to reaccelerate despite a slowing economy. This combination is raising concerns that the Federal Reserve may face limitations in implementing aggressive monetary policy to spur recovery.

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