Stephanie Pomboy: Exhausted Consumers Are “Spent Up & Lent Up”, So Economy Will Slow

Adam Taggart | Thoughtful Money, Released on 5/12/24

It feels like a tale of two economies right now. If you ask an economist, chances are you’ll hear that the US is doing great, growing faster than its G7 peers, with low unemployment and a stock market back near all-time highs. But if you ask the average man on the street, you’ll likely hear a very different story. One of hardship, where wages aren’t keeping up with the massive spike in cost of living, where companies are reducing hours, freezing hiring or actively laying workers off, and households are increasingly forced to turn to expensive credit cards to fund living essentials. Which of these is more accurate? And are things likely to get better or worse from here? For an expert view, we’re lucky today to talk with Stephanie Pomboy, economic and market analyst and proprietor of

Stephanie Pomboy is an economist and founder of the economic research firm MacroMavens. Before launching her firm, Pomboy worked as a managing director at an independent economic research firm ISI Group from 1991 to 2002. She provided timely financial insight and analysis to the country’s most sophisticated and largest institutions. Then, she began her career at Cyrus J. Lawrence LLC’s investment management company after earning a bachelor’s degree in 1990. Pomboy spent over a decade working with Ed Hyman and Nancy Lazar at ISI Group and Cyrus J. Lawrence LLC. In addition, Pomboy hosts a joint podcast called The Super Terrific Happy Hour with Grant Williams of Things That Make You Go Hmmm… newsletter.

Adam Taggart is the Founder of  Thoughtful Money. He is also Co-Founder and former President of Peak Prosperity. Adam is an experienced Silicon Valley internet executive and Stanford MBA. Prior to partnering with Chris Martenson (Adam was General Manager of our earlier site,, he was a Vice President at Yahoo!, a company he served for nine years. Before that, he did the ‘startup thing’ (, sold to CNET in 2001). As a fresh-faced graduate from Brown University in the early 1990s, Adam got a first-hand look at all that was broken with Wall Street as an investment banking analyst for Merrill Lynch. Most importantly, he’s a devoted husband and dad.

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