Video News/In Focus with Jeremy Szafron

Stephanie Pomboy says the “mischief at 0%” is finally breaking the U.S. economy. Speaking with Kitco News Anchor Jeremy Szafron, the MacroMavens founder warned that the Federal Reserve is “flying blind” after the government failed to produce an October unemployment rate during the shutdown. She argues the soft landing narrative is unraveling, pointing to new data showing that one in five Russell 3000 companies are effectively zombies unable to service their debt. Pomboy also weighed in on reports that UBS is considering a move to the United States to escape Swiss regulation and reacted to Jeffrey Gundlach’s assessment that the $1.7 trillion private credit market is “garbage lending.” Pomboy highlighted rising consumer stress, noting the 9.7 percent spike in utility delinquencies, and said the “primacy of paper over rock” is ending as investors return to hard assets. She also laid out her roadmap for the next six months, including why she views energy stocks as the “no-brainer” trade to play the AI boom without chasing expensive technology valuations.