Stephanie Pomboy of MacroMavens talks about the danger of "stupidity" at the Federal Reserve and the fallout from poor monetary policy choices on the stock market and the economy. She believes corporations are in the worst shape given reckless borrowing and excessive leverage, and that they'll be in major trouble with the Fed raising interest rates at the fastest pace in history. She recommends investors stay defensive, holding lots of cash and precious metals. That way they can buy assets on the cheap AFTER they collapse in value.
00:00 Investors overlook mistakes leading to poor decisions.
00:39 Fed policies could cause dollar collapse.
01:38 Aggressive rate hikes may lead to disaster.
02:35 Adjustable mortgages risk financial disaster.
03:17 Corporate debt unsustainable, credit bust ahead.
04:21 Monetary delays damaging housing sector, risk of credit crisis.
05:31 Fed misjudges economic conditions, overconfident or ignoring risks.
06:29 Prioritize capital preservation in cash, gold, long treasuries.
Podcast: https://open.spotify.com/show/1lNJp1W...
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