Kitco News: Markets are Coming Unglued, all in on Cash and Gold

In a thought-provoking interview with Jeremy Szafron at Kitco News, Stephanie Pomboy, the founder of MacroMavens, provided a detailed analysis of the current state of the U.S. economy. As experts continue to dissect economic indicators and consumer behaviors, Pomboy’s thoughts on July’s retail sales surge reveal critical underlying issues that merit closer examination. July’s retail sales numbers painted a seemingly optimistic picture, with a notable increase fuelling discussions of economic recovery. However, Pomboy urges caution. She highlighted that this surge is primarily underpinned by a troubling surge in consumer debt. With many Americans increasingly reliant on credit to maintain their…