How AI Investment Is Masking Real Economic Stagnation

Stagflation Conversations with Fexingo: High Inflation, Slow Growth, and 1970s Echoes · Oct 6, 2026 · 10m · transcript

With the S&P 500 up two percent this week and real GDP growth slowing to twenty-two percent, we are exploring a dangerous economic blind spot. Lucas and Luna dissect how massive capital expenditures in artificial intelligence by major technology firms are inflating asset prices while masking underlying stagnation in broader productivity. We look at the disconnect between soaring corporate profits and the flatlining job market, asking whether we are witnessing a new form of stagflation where growth is concentrated in a few sectors while the rest of the economy quietly stalls.

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