Latest / The Macro Memo with Fexingo: Daily Conversations on Inflation, GDP, and Federal Reserve Policy
The Real Cost of Global Debt Saturation
With global debt surpassing 365 trillion dollars and U.S. real GDP growth slowing to 1.5 percent, the macro environment is shifting from growth-driven to balance-sheet-driven. Lucas and Luna dissect how this saturation creates a vicious cycle for central banks, forcing them to manage interest rates not just for inflation, but for solvency. They explore the disconnect between rising Treasury yields and stagnant productivity, examining why services inflation remains sticky despite cooling job openings. This episode looks at the hidden tax of compounding liabilities on corporate ROIC and…
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