How Stagflation Is Reshaping US Manufacturing

Stagflation Conversations with Fexingo: High Inflation, Slow Growth, and 1970s Echoes · Jul 28, 2026 · 6m · transcript

Lucas and Luna dig into the latest data showing import prices from China at their highest since 2008, and what that means for American manufacturers in a stagflationary environment. They use Caterpillar as a concrete example of how rising input costs and a tight labor market squeeze margins, even as GDP growth remains positive. The conversation covers the Fed's dilemma, the slow pace of reshoring, and the feedback loop between higher producer prices and consumer spending. Along the way, they reference specific numbers: unemployment at 4.2 percent, job openings above 7.5 million, core PCE…