Hedgeye Podcasts Hedgeye Investing Summit Spring 2025 | Stephanie Pomboy, Founder of MacroMavens
Apr 14, 2025
Stephanie Pomboy, Founder of MacroMavens, known for her keen market insights, dives into the evolving landscape of gold as a safe haven amidst economic uncertainties. She discusses the declining dominance of the U.S. dollar and the implications for global investments. Pomboy critiques current government policies, highlighting their impact on labor and potential economic distortions. The conversation also tackles the contrast between media narratives and real economic data, emphasizing the importance of solid analysis for navigating market challenges.
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Gold and Isolationism
- Stephanie Pomboy's interest in gold stems from the long-term trend away from globalization and towards isolationism.
- This trend has accelerated with Trump's "America First" agenda and tariffs.
De-Dollarization and Reserve Assets
- The U.S. dollar's role as a global reserve asset is diminishing due to de-dollarization.
- This is driven by factors like serial monetary debasements and protectionist policies.
Globalization and Dollar Strength
- Globalization via free trade, particularly after China joined the WTO, led to the U.S. dollar reaching all-time highs.
- Tariffs and protectionist policies mark a significant departure from this trend.