Latest / Stagflation Conversations with Fexingo: High Inflation, Slow Growth, and 1970s Echoes
The Productivity Mirage In Stagflation
Lucas and Luna dissect the disconnect between rising corporate profits and stagnant real wages in October 2026. With core CPI holding at 338.9 and job openings falling to 7,079, they explore how firms are using automation and pricing power to mask underlying economic weakness. The episode examines why GDP growth of 2.2 percent isn't translating into household security, and what this means for the labor market as unemployment ticks up to 4.2 percent.
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The skinny
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