Thoughtful Money with Adam Taggart · Wednesday, August 5, 2026
Stephanie Pomboy believes that the current high interest rate environment is likely to persist, particularly if projections for AI-driven capital expenditure booms are accurate. She explains that this boom could lead to a crowding out effect, which would put upward pressure on Treasury yields.
“the bottom line is the higher for longer interest rate environment. I think is very much here to stay, especially if you're bullish on AI and this whole capx boom, because that's going to feed this crowding out phenomena that's putting upward pressure on treasury yields, which happens to be the benchmark against which everybody is tied.”
“So you're talking about, you know, higher for longer for everybody.”