The Hidden Cost of Wholesaler Power in Stagflation

Stagflation Conversations with Fexingo: High Inflation, Slow Growth, and 1970s Echoes · Oct 17, 2026 · 8m · transcript

Lucas and Luna dig into the September wholesale price data showing a 6.3 percent annual jump, the largest since 2022. They explore how wholesalers are using supply chain friction not just to pass on costs, but to expand margins during this period of slow growth. With the U.S. budget deficit swelling toward two trillion dollars and core CPI holding steady above three percent, the conversation examines why retail inflation feels sticky even as consumer demand softens. The hosts break down the specific mechanics of intermediary markups and what this means for the Federal Reserve's October…