The Battle Over the Balance Sheet | Ironsides Macroeconomics

This week's sections:

1. Market Recap – Stage of the cycle, sustainable monopolies, Implied Volatility Risk Premium
2. The Battle Over the Balance Sheet – Fed inertia
3. Slack Joe – A very tight labor market
4. Slower, Not Slow – Productivity, margins, and capex Charts S&P Vol Rent (5:00) Term Premium Curve (7:00) Payroll Revisions (9:40) Cyclical Profit Margins (12:00)