Macro Maven Dissects Consumer Sector

Featuring Stephanie Pomboy

Macro Maven Stephanie Pomboy delves into consumer spending behavior and examines the impact of surprise surplus inventories before the inevitable hit to corporate profits in the retail sector. With the consumer representing three quarters of the economy, Stephanie’s synopsis is prescient, as is her outlook on the dollar, and fixed income assets.

Published on
16 May, 2016
Topic
US Dollar, Research, US Economy
Duration
40 minutes
Asset class
Cash, Currencies, Equities
Rating
21

Comments

  • mt

    mac t.

    14 9 2017 16:18

    1       0

    Yep, need an update with her. Very good...

  • EG

    Eric G.

    5 8 2017 18:57

    1       0

    Please bring her back for an update.

  • AF

    Andrew F.

    21 6 2017 18:23

    0       0

    Great insight and eye opener. Thanks again for another great chat RV.

  • DB

    Dave B.

    25 1 2017 22:45

    0       0

    Just as wonderful the second time around. Thank you for your insights Stephanie, and great pitching Grant... well done.

  • AN

    Amanda N.

    22 10 2016 22:53

    0       0

    Thanks for putting up a brilliant video. Great insights.
    I guess while everyone slag off the central banks , one thing we need to think is what is the alternative outcome?
    The current situation in Developed Economy is precisely as she mentioned, it’s too much debt with real funding shortage on pension and medicare. Pay down the debt and spend less is the logical way to do , but if everyone doing it, the economy is going to collapse into depression, more serious issues will come up plus debt become even harder to pay off. The situation we are in now is a combination of multiple issues, mainly due to the lack of controlling mechanism of debt issuing and trade imbalance built up in the past decades. Gold standard? No.. I don’t think we are going to see we return to that in our life time.

  • SB

    Stephen B.

    4 10 2016 00:21

    0       0

    Brilliant! As always.

  • PC

    Peter C.

    21 7 2016 00:25

    0       0

    Awesome. Got to follow the logic, principles, intellect.... Thanks

  • SM

    Sam M.

    16 7 2016 17:22

    4       0

    Please bring her back soon. :)

  • CZ

    Catherine Z.

    24 5 2016 17:07

    0       0

    What about inflation protected treasuries (TIPS)?

  • AC

    Andrew C.

    24 5 2016 06:15

    0       2

    I concur with Ian; If I had $100,000 cash now, where would I put it? Bonds are a bubble, stocks are paying a yield but r unloved, sentiment-wise. For 5-10yrs, I would go stocks 80%, 20% physical gold

  • WK

    William K.

    21 5 2016 14:13

    7       0

    "Donald Trump is a debt slut!" Enough said.

  • SS

    Saira S.

    20 5 2016 19:37

    4       0

    Please bring Stephanie back soon. She has awesome insights.

  • MK

    Mark K.

    20 5 2016 18:56

    6       0

    Stephanie is a very astute economic commentator!

  • IF

    Ian F.

    20 5 2016 17:30

    2       10

    Whats the point in paying a strategist to say "invest in gold b/c everything else is scary." Your job is to find investment opps not dwell on US centric problems, ie the Fed's big bad policy mistakes

  • AE

    Alex E.

    20 5 2016 06:52

    2       0

    that will hold it's value. As to when, late this year sounds about right if bonds are any indication...Hope all of you have some physical! Good luck, all....

  • AE

    Alex E.

    20 5 2016 06:51

    1       0

    We are trapped in a Keynesian world. The power mongers believe they can spend us rich...i.e. IMFs call for world govs to spend, spend, spend will only lead to disaster! Buy and hold Gold! Only asset..

  • AE

    Alex E.

    20 5 2016 06:48

    5       0

    WOW!!! Where to start? Thank you, Stephanie and Grant! I could listen to her for hours! As for no one seeing the inflating bubbles all around us "There are none so blind as those who refuse to see"...

  • LA

    Linda A.

    19 5 2016 20:01

    5       0

    Wonderful, thorough analysis. Unfortunately the sham can keep going based on non-gaap earnings & forward guidance. The cracks are now starting to accelerate in auto & retail.

  • jw

    jackson w.

    19 5 2016 15:52

    0       0

    so what's the trade here? short XLY?

  • EK

    Emil K.

    18 5 2016 22:40

    2       0

    If you asked me to boil down all the Real Vision interviews into a two word essence it would be "the reset". Stephanie just delivered a compelling alternative: "debt slut". Explains how we got here.

  • BA

    Bruno A.

    18 5 2016 18:31

    5       0

    Outstanding. Loved her call on retail/Automotve.

  • B

    Bojo .

    18 5 2016 16:39

    6       0

    Fantastic! We live in a dictatorship of happiness and positivity, at the expense of truth and reality..throwing virgins into a sleeping volcano. Great insights and energy from both of them.

  • MS

    Mark S.

    18 5 2016 04:59

    9       0

    Too bad there is no way to give two thumbs up.

  • DH

    Dale H.

    17 5 2016 23:22

    9       0

    Great interview - both of you. VG to listen to such an engaging and intelligent woman. I love MacroMavens and the depth of analysis that is displayed. Stephanie is an inspiration to me. Thank you RV 🌻

  • VS

    Vikram S.

    17 5 2016 19:36

    11       0

    Thank you Grant and Stephanie. An awesome interview!

  • AK

    Anthony K.

    17 5 2016 16:53

    9       0

    Fantastic!

  • KS

    Kathleen S.

    17 5 2016 16:06

    10       0

    Always enjoy her interviews, wish there was a deeper wondering about the why this is all happening? The CB's are not a bunch of misguided dummies- IMO. Reasons maybe darker

  • AC

    Andrew C.

    17 5 2016 14:39

    5       0

    Great Interview. Anybody got the link to Stephanie's Trump article from 2004? I would like to read it now from a historical perspective...

  • TS

    Tamas S.

    17 5 2016 10:55

    4       0

    Amazing interview, thanks guys.

  • db

    don b.

    17 5 2016 00:46

    4       0

    Thanks guys!!

  • JV

    James V.

    16 5 2016 23:09

    10       0

    Wow! I am blinded by her brilliance, eloquence, and humility. Thanks, Real Vision, for bringing her back.

  • RA

    Robert A.

    16 5 2016 22:49

    7       0

    Great interview and good to hear a different view on the US $. Wish she could have addressed the AMZN effect on consumer spending. Today AMZN just announced their foray into their private label foods.

  • DS

    David S.

    16 5 2016 22:46

    6       0

    Delightful. I wonder how much lower the stock markets would be if many funds were not required to be fully or mostly invested in stocks and/or bonds at all times?

  • jd

    john d.

    16 5 2016 21:57

    8       0

    GW anecdote - no gold demand at present (ref Simon M). Hmm? WGC Q1 2016 report - +21% YOY "making it the second largest Q on record". ETF's = 363.7t a 7 yr high. Bars and coins +55% YOY to 18.3t. Hmm.

  • WS

    William S.

    16 5 2016 21:40

    12       1

    I could listen to Stephanie talk for hours. Just something about her unique voice that does it for me ... oh, and the quasi-60s fashion vibe she's got going. Like I just had this Woodstock fantasy ...

  • BL

    Brian L.

    16 5 2016 21:23

    19       0

    We live in bizarro world and Stephanie & Grant lay it out nicely. Synthetic Markets, Synthetic production and Synthetic you name it, will eventually give way to the real.

  • BF

    Bruce F.

    16 5 2016 20:13

    12       0

    Brilliant and articulate

  • SS

    Sam S.

    16 5 2016 18:31

    5       0

    Grant's past interview(s) discussions = No one cares until everyone cares! Own Pet Rocks or GLD & Miners?

  • BV

    Bryan V.

    16 5 2016 17:24

    2       1

    They both will be right about the dollar and gold, though I can't see it playing out as they describe. More economic forces driving $ up, then even the Fed can control without an outright US default.

  • mm

    miguel m.

    16 5 2016 17:18

    18       0

    Stephainie's insights and dialogue ere always refreshing, enlightening and so real. Love the prominent gold nugget necklace!

  • RM

    Richard M.

    16 5 2016 16:19

    19       0

    Great interview! Calm, reasoned, intelligent discussion of the really weird environment we are in today! Thanks.

  • RM

    Repost M.

    16 5 2016 15:02

    33       1

    Interesting interview, but I'm surprised on no mention of AMZN. Retail bulls saythat consumer still strong, but just transferring spending online. Disagree but this is assumption that has to break