Stephanie Pomboy: When The Next Shakeout Happens, Will You Be A Winner Or A Loser?
Yes, folks: Pomboy is back!
After a month’s hiatus, the macro maven Stephanie Pomboy returned today for a livestream to discuss rising market volatility, record gold & silver prices, concerning failures in the private credit industry & other signs of rising systemic stress.
For those of you who had been going into Pomboy withdrawal, you can watch the replay by clicking here or on the video below:
GOT GOLD?: Read our free Guide To Buying and Storing Gold & Silver:
I’m so grateful to everyone who has kindly supported me by becoming a premium subscriber to this Substack. It’s making an important difference in helping me fund the substantial operating costs of running Thoughtful Money.
Premium supporters receive my “Adam’s Notes” summaries to the interviews I do, the wildly-popular MacroPass™ rotation of reports from esteemed experts, VIP discounts, plus periodic advance-viewing/exclusive content. My Adam’s Notes for this discussion with Stephanie are available to them below.
If you, too, would like to become a premium subscriber to this Substack (it’s only $0.52/day), then sign up now below:
Adam’s Notes: Stephanie Pomboy (recorded 10.15.25)
EXECUTIVE SUMMARY:
Gold Rally Early Innings Amid Pullback Risks: Stephanie views the sharp gold/silver surge as exposing supply imbalances, with gold potentially reaching $22,000 to back the monetary base; however, she anticipates a near-term technical pullback dragging all assets lower, followed by a multi-decade bull market in hard assets over paper.
Credit Bubble Deflating, Systemic Risks Rising: Widening junk spreads signal emerging risk discernment, but
