Stephanie Pomboy: Market Overvalued By 40-50% (Or More)? (Part 2/2)

Wealthion, Released on 9/1/23

For Part 1 of this interview, CLICK HERE

Macro analyst Stephanie Pomboy returns in this Part 2 of our interview with her, where she explains why she predicts a painful recession ahead as well as a substantial haircut — possibly as much as 50% or more — for financial assets in the coming year or so.

0:00 When will the market revert to normal valuations?
4:19 Where do you see the markets going from here?
8:58 Investing in cash in the current environment.
13:46 Gold Performance.
19:35 Shoplifting and the shoplifting epidemic.
25:07 A high level of concern about the future.
33:03 The value of listening to the experts.
36:34 Stephanie’s take on the state of the economy.
40:37 Jobs market jolts.
48:41 The psychology of silver and gold.
54:49 Investing in short-term treasuries.
57:50 We still have a position in long term bonds.
1:02:26 What to expect at the conference?

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 Wealthion. 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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