Latest / Stagflation Conversations with Fexingo: High Inflation, Slow Growth, and 1970s Echoes
Why the Yield Curve Is Flashing 1970s Signals Again
In this episode of Stagflation Conversations, Lucas and Luna dig into a surprising market signal from August 2026: the ten-year Treasury yield has fallen below the two-year for the longest stretch since the 1970s, even as core PCE inflation runs at 3.3 percent. They unpack what an inverted yield curve actually means in a world of quantitative tightening, a $1 trillion Treasury General Account, and a Fed that's stuck between slow growth and sticky prices. Using real data from the latest JOLTS report and the recent move in gold, they explain why this inversion might not be the recession…
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