Michael Ashton

E-PIPHANY

Contributor since: 26 Feb 2010

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• Re-Blog: 'I Am Become Debt, Destroyer Of Worlds'

  Published 16 December 2013 | viewed 0 times

  Note: The following blog post originally appeared on January 25th, 2010. I have removed the references to then-current market movements and otherwise cut the article…

• Portfolio Projections from 2013

  Published 13 December 2013 | viewed 0 times

  This will be my last "live" post of 2013. As such, I want to thank all of you who have taken the time to read…

• Defensive

  Published 06 December 2013 | viewed 0 times

  There was a great deal of excitement about today's Employment Report. The S&P rallied 1.1%, erasing the month-to-date losses at a stroke. And for what?…

• The Effect of the Affordable Care Act on Medical Care Inflation

  Published 04 December 2013 | viewed 0 times

  I haven't seen anything of note written about the probable effect of the implementation of the Affordable Care Act (ACA, or "Obamacare") on Medical Care…

• Madness or Wisdom?

  Published 03 December 2013 | viewed 0 times

  Trading, and to some extent investing, is all about knowing when markets are moving with the wisdom of the crowds and when they're moving with…

• Inflation Consequences of QE - per Reynard

  Published 02 December 2013 | viewed 0 times

  Before getting into today's column, let me first describe my plan of attack for the month of December. I plan to have several comments this…

• Fed Talks About Price-Level Targeting

  Published 27 November 2013 | viewed 0 times

  There is a blog post on the site of the New York Fed might be significant. The title of the post is "Has the Fed…

• Moving Goalposts

  Published 14 November 2013 | viewed 0 times

  The equity melt-up continues, with the S&P 500 now up more than 32% year-to-date in a period of stagnant growth and an environment of declining…

• Twit or Treat?

  Published 07 November 2013 | viewed 0 times

  I guess we have to add to the list of uncomfortable comparisons to 1999's equity mania the Twitter IPO. A widely-known company with no earnings...and…

• A Summary of My Post-CPI Tweets

  Published 30 October 2013 | viewed 0 times

  Below is a summary of my post-CPI tweets. You can follow me @inflation_guy. And, given where all of this seems to be going...you ought to.…

• Is Inflation of 2% Enough for You?

  Published 28 October 2013 | viewed 0 times

  In one of those "what could possibly go wrong with that plan" moments - which are becoming all too frequent these days - the New…

• Time is Running Out

  Published 25 October 2013 | viewed 0 times

  All the expectations for resurgent growth are running into a time problem. While the Federal Reserve continues to pump the system, hoping for that burst…

• Battle Lines Drawn

  Published 22 October 2013 | viewed 0 times

  The data has started to arrive. Tuesday's Employment report (gosh, it seems strange to write that) was weaker-than-expected with Payrolls +148k versus expectations for +180k.…

• Brace for Data Impact

  Published 17 October 2013 | viewed 0 times

  Not a bad trick! The government shuts down, and the Administration threatens default; the stock market drops a few percent, and then rallies to new…

• Just Waiting For The Shaking to Stop

  Published 14 October 2013 | viewed 0 times

  Obama started backing off the "absolute default" tactic by today saying "This week, if we don't start making some real progress both in the House…

• No Default in Our Day

  Published 04 October 2013 | viewed 0 times

  I suppose it should not be surprising that there is a great deal of misinformation and misunderstanding about the debt limit and government default. A…

• Inflation, Deflation, and Putting

  Published 03 October 2013 | viewed 0 times

  Since there is no data of note for a little while, there are some other topics I suppose I have time to remark upon. I…

• Certainty About Uncertainty

  Published 02 October 2013 | viewed 0 times

  I haven't written recently because it is hard to figure out what to do here. Market action at this point seemingly has little to do…

• Food Fight at the Fed!

  Published 23 September 2013 | viewed 0 times

  Now, now, children! Stop fighting! This is unbecoming! It is apparent now that the disagreements in the FOMC - while nothing new - are becoming…

• Higher Rates, Higher Credit Growth: Sober Look

  Published 21 September 2013 | viewed 0 times

  I wrote recently about money velocity and reminded readers that theory says higher interest rates tend to increase money velocity because it decreases the demand…