Hedgeye Podcasts The Best of Hedgeye: Steph Pomboy → A Rational Investing Road Map For Irrational Times
Apr 3, 2025
Steph Pomboy, President of MacroMavens, offers sharp insights into today's financial landscape. She discusses the impact of globalization and low interest rates on corporate credit structures, highlighting vulnerabilities amid rising unemployment. The conversation delves into the complexities of credit markets and the risks faced by lower-rated companies as debt accumulates. Pomboy critiques private equity practices, linking them to widening wealth inequality, and warns of the volatile relationship between inflation and corporate profits, advocating for a rational investment approach.
AI Snips
Chapters
Books
Transcript
Episode notes
Macro Backdrop
- Analyze macro trends like the shift from globalization to isolationism.
- Consider cyclical swings around these secular patterns.
Unprecedented Volatility
- The current market exhibits alarming rate-of-change moves unseen in history.
- The COVID-19 crisis accelerated pre-existing economic issues.
The Catalyst
- The corporate credit bubble was destined to burst, regardless of the specific trigger.
- COVID-19 acted as an accelerant, not the root cause, of the current crisis.