Latest / Stagflation Conversations with Fexingo: High Inflation, Slow Growth, and 1970s Echoes
How Financial Repression Quietly Funds the Modern Economy
Lucas and Luna examine the hidden mechanism of financial repression in October 2026, where real yields remain negative against a CPI reading of 3.4 percent. They explore how the Federal Reserve’s rate decisions effectively subsidize government debt at the expense of savers, creating a silent transfer of wealth that fuels current growth without the pain of traditional inflation shocks. The conversation drills into the mechanics of bond markets, the behavior of institutional investors forced to chase yield, and why this dynamic is more durable than the commodity or tariff-driven stagflation…
The skinny
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