Let's Be Independent Together

Ironsides Macroeconomics 'It's Never Different This Time'

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Let's Be Independent Together

The collapse in inflation correlation, core growth slows further, the independence bruhaha, another Fed/Treasury Accord to stabilize government debt, bank policy

Barry C. Knapp

Jul 21, 2025

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This is an audio summary of our July 19 note, Let's Be Independent Together

*Figure 12: The term premium for 10s increased 15bp to 84bp this week.*

Barry C. Knapp

Managing Partner

Director of Research

Ironsides Macroeconomics LLC

908-821-7584

bcknapp@ironsidesmacro.com

https://www.linkedin.com/in/barry-c-knapp/

@barryknapp

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Let's Be Independent Together

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