Share this postWhere Did Secretary Yellen's Customers Go?ironsidesmacro.substack.comCopy linkFacebookEmailNoteOtherIronsides Macroeconomics 'It's Never Different This Time'Where Did Secretary Yellen's Customers Go?0:00-12:23Paid episodeThe full episode is only available to paid subscribers of Ironsides Macroeconomics 'It's Never Different This Time'Subscribe to listenWhere Did Secretary Yellen's Customers Go?More Bear Steepening, Disinflation Trend Persists, Chinese Clogged Channels, Joe Six Pack in FocusBarry C. KnappAug 14, 2023∙ Paid1Share this postWhere Did Secretary Yellen's Customers Go?ironsidesmacro.substack.comCopy linkFacebookEmailNoteOtherShareThis audio summarizes our August 12 note, Where Did Secretary Yellen's Customers Go?Figure 3: This chart explains why one-day implied volatility on CPI days is low and even a good report like last week’s fails to trigger sustainable rallies in equities or Treasuries.Barry C. KnappManaging PartnerDirector of ResearchIronsides Macroeconomics LLC908-821-75…This post is for paid subscribersSubscribeAlready a paid subscriber? Sign inIronsides Macroeconomics 'It's Never Different This Time'Macroeconomic and public policy strategyMacroeconomic and public policy strategySubscribeListen onSubstack AppSpotifyRSS FeedAppears in episodeBarry C. KnappRecent EpisodesUnhealthy Broadening OutApr 22 • Barry C. KnappMacro Regime ChangeApr 15 • Barry C. KnappHigher and SteeperApr 8 • Barry C. KnappFiscal on FireApr 1 • Barry C. KnappItching to EaseMar 25 • Barry C. KnappStag WeekMar 18 • Barry C. KnappQuadrilemma Back on TrackMar 11 • Barry C. KnappLabor Market ConundrumsMar 4 • Barry C. Knapp