Diego Parrilla: The Stagflation Endgame & How to Protect Your Portfolio

Nov 6, 2025

Diego Parrilla, CIO of Quadriga Asset Management and author, delves into the looming threat of stagflation that erodes purchasing power and undermines traditional investment strategies. He critiques the reliability of bonds as a safe haven in today's market and discusses the potential for a sovereign bond shock. Parrilla also weighs in on the current AI boom, exploring its dual nature as both a genuine revolution and a speculative bubble. Lastly, he outlines a strategy for an 'anti-bubble' portfolio, emphasizing real assets and gold as crucial protective measures.

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INSIGHT

Stagflation As The Systemic Endgame

The system is structurally biased toward stagflation because governments and central banks repeatedly respond to crises with printing and borrowing.
That policy mix dilutes purchasing power over decades and risks turning bonds and cash into losing assets.

INSIGHT

Inflation Is Purchasing-Power Dilution

Official inflation metrics understate individual experience because baskets differ and compounding matters.
Small annual rates quietly erode purchasing power significantly over 10–20 years.

INSIGHT

Bonds' Defensive Role Is Compromised

Bonds no longer guarantee protection because central banks may manipulate yields and yield-curve controls mask credit stress.
Fixed income can be part of the problem when debt loads and policy constraints prevent realistic rates.

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💡 Is Your Portfolio Protected Against Stagflation? Speak with a Wealthion-endorsed advisor and review your portfolio mix, free of charge and with no obligation: https://bit.ly/43DBrQj

Are we relying on investment strategies that no longer work? Quadriga Asset Management CIO and author Diego Parrilla joins Maggie Lake to explain why the global economy is likely headed toward a stagflationary endgame: where the purchasing power of money erodes silently, bonds fail as a safe haven, and the traditional 60/40 portfolio structure breaks down. Diego also discusses why the current AI boom can be both a genuine technological revolution and a speculative bubble, and how investors can position themselves without trying to time the market.

💡In a Stagflationary Environment, Gold Isn’t Just a Trade, It’s Insurance. Protect your wealth with gold and silver through Hard Assets Alliance: https://www.hardassetsalliance.com/?aff=WTH

Chapters:

1:04 - Is Stagflation Still the Endgame?

5:18 - Inflation vs. Purchasing Power: What Are We Missing?

12:09 - Are Bonds Still a Safe Haven—or Part of the Problem?

20:03 - Could a ‘Liz Truss’-Style Sovereign Bond Shock Hit Again?

23:02 - Treasuries Look Fine… or Is Confidence Just Masking the Risk?

26:59 - AI: Bubble Hype or True Productivity Super-Cycle?

35:27 - ⭐️Wealthion Golden Nugget: What Does an ‘Anti-Bubble’ Portfolio Actually Hold?

44:36 - Zero-Day Options & Retail Flows: Do They Change Convexity Risk?

51:27 - Where—If Anywhere—is Safer? Regions, Currencies, and Domino Effects

55:30 - Can You Defend Without Options—or Is Plain-Vanilla Diversification Dead?

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