Stephanie Pomboy: Expect GDP To Run Hot...Until Inflation Spikes Or The Markets Plunge

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**Adam Taggart** (1:03)
Welcome to Thoughtful Money, I'm Thoughtful Money founder and your host, Adam Taggart. Probably noticed I'm in a different setting than my usual studio. I'm actually here in St. Petersburg, Florida with the wonderful Stephanie Pomboy. Hi, Steph.

**Stephanie Pomboy** (1:15)
Hi, Adam. It's great to be here in person with you.

**Adam Taggart** (1:18)
It is wonderful to be here in person with you. So Stephanie and her cohort in crime, Grant Williams, were kind enough to invite me to their super happy, terrific day conference here that just concluded in St. Petersburg. I don't have a full interview plan for today, but I wanted you guys to have some quick video here. So Stephanie was very kind after we just got off the wonderful cocktail cruise that she and her cohort stuck me on. She's going to spend a few minutes with us here. We're just going to talk about some of our top takeaways from the conference. We're going to let you know if you're interested how to get the replay of Stephanie's conference and then we'll talk very quickly about if you want to buy your ticket to the Thoughtful Money Conference that's coming up next month. We'll tell you how to do that as well. But first Stephanie, let me congratulate you on a wonderful experience that you, Grant and Dave Ibane and the team at Copernic put on here. I've been to a number of in-person conferences like this. Pretty easy to say hands down was the best one I've ever been to.

**Stephanie Pomboy** (2:22)
Well, I enjoyed it, but I can take zero credit for the conference and how smoothly it went. But I would say you did a fantastic job today leading the conversation and really interviewing the speakers and fielding questions from the audience as well. So that was, for me, actually, the fun part of the day. Yesterday was a slog.
Today was so much more fun.

**Adam Taggart** (2:49)
Well, Stephanie, as usual, is being A, way too kind and B, way too humble. But today was just pure fun for me. What a great faculty you guys assembled here. What we had Luke Gromen, we had Ewan Grant, obviously, we had Pippa Malmgren, we had Mike Green. We had Andrew McDonald, who I had not heard before, but a great expert on Japan. We had Tom Honig. I think we both have crushes on.

**Stephanie Pomboy** (3:18)
Right, exactly. Yeah. And as I said to you, I think the other day, the more he talks, the more I love him.

**Adam Taggart** (3:24)
Yeah. Which is totally true. So anyways, fantastic event folks, we'll stop gushing about it except to, I just want to spend a few minutes talking about some of the key takeaways. I know I asked you this question on stage earlier, but I'll ask you sort of a variant of the same question. Now that it's over, what is sticking out in your mind from the conversation? Any particular ideas or concepts that were shared that were, you have access to a lot of information. So is there something here that was sort of new or a different piece of the puzzle for you?

**Stephanie Pomboy** (3:57)
Well, I thought a lot of what Pippa said was interesting to me because it's so outside of what I'm normally looking at. So, you know, this morning she talked about Poland as an economy that is really vibrant and probably the strongest economy in Europe. And then Andrew McDermott, who is the Japan guy, I think it was him who pointed out that the GDP growth of Poland is going to overtake. Was that?

**Adam Taggart** (4:24)
That blew my mind. Yeah, I know he said that, that Poland's GDP, if it hasn't already, looks on track to surpass Japan's.

**Stephanie Pomboy** (4:30)
Yeah, which I thought was, you know, that was a revelation to me. I had no idea. But the other interesting comment that came up this morning was from Tom McClellan, who is the technician who joined us to add, you know, that's right, what he's seeing from his discipline. And he made the comment about the cooling cycle and climate cooling and all the things that are correlated with that historically. Amazing. I mean, when you think about it, if we're going to have cooler temperatures rather than hotter temperatures, you're talking about difficulty harvesting crops and therefore commodity prices, agricultural prices might go up and that would put upward pressure on bond yields. And what was it, a 60 year cycle? Yeah.