This is an abbreviated video summary of our September 22 note, Long Policy Lags, it is intended to provide a sample of the analysis provided to our full subscribers, details here:
The full audio summary is available at https://ironsidesmacro.supercast.com/ at a price of $10/month for those only interested in the full podcasts:
Figure 3: The gray area is the spread between duration of the investment grade and high yield indices. This illustrates how the Fed’s balance sheet advantaged large corporations and households that owned assets.
Barry C. Knapp
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Director of Research
Ironsides Macroeconomics LLC
908-821-7584
bcknapp@ironsidesmacro.com
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@barryknapp
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