Kitco News, Released on 5/12/25

Will the trillion-dollar corporate debt wall crash the stock market in 2025? Wall Street is cheering a 90-day tariff truce between the U.S. and China – but Stephanie Pomboy says the real crisis is just beginning. The MacroMavens founder warns that a trillion-dollar corporate debt wall is about to hit, credit delinquencies are surging, and the Treasury still has no plan to finance its deficits. As markets rally, Pomboy says the Fed is trapped, the consumer is maxed out, and a deeper economic reset is unavoidable.

00:00 Introduction and Market Overview
00:22 Guest Introduction: Stephanie Pomboy
01:23 US-China Trade War and Market Reactions
03:29 Treasury Yields and Economic Concerns
05:21 Corporate Debt and Consumer Health
08:32 Federal Reserve’s Dilemma
15:05 Impact of Tariffs and Global Trade
26:43 Gold Market and Investment Strategies
28:12 Conclusion and Final Thoughts

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.

  economy, gold, jobs, recession, Stephanie Pomboy, tariffs