Michael Ashton

E-PIPHANY

Contributor since: 26 Feb 2010

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• Titanic Decisions

  Published 02 October 2012 | viewed 0 times

  There is something very striking going on in the inflation markets, and among investors. It only recently struck me, after attending an inflation conference last…

• It's Okay to Fight Fed Intentions, Just Not Fed Actions

  Published 01 October 2012 | viewed 0 times

  Today there was a glimmer of good news today from the economic front. The national PMI (formerly known as NAPM, now ISM) rose to 51.5…

• Good News, For Now

  Published 25 September 2012 | viewed 0 times

  First, an observation: yesterday's article, "Incredible Inflation Bond Bargain," received more hits than any other article I have written in recent memory. Apparently, people still…

• Incredible Inflation Bond Bargain

  Published 24 September 2012 | viewed 0 times

  The economic data continues to drip weaker. Today's Chicago Fed index was the lowest since 2009, and while the Dallas Fed index rose, it remains…

• Central Bank Groupthink

  Published 20 September 2012 | viewed 0 times

  Lest anyone be confused about the unanimity and collective will of central banks globally on the question of how aggressively to pursue a dovish monetary…

• TIPS Are No Longer Cheap, But Still Preferable

  Published 18 September 2012 | viewed 0 times

  TIPS have gone from being rich on an absolute basis, but cheap against nominal bonds, to (still) rich on an absolute basis, but fair versus…

• Mercedes Ben

  Published 14 September 2012 | viewed 0 times

  On Wednesday, Fox News was showing live video of police in Los Angeles chasing bank robbers escaping in an SUV. The bank robbers began to…

• Slow Motion

  Published 11 September 2012 | viewed 0 times

  Everything is moving in slow motion. To some degree, this is normal on 9/11, when many Americans, and especially those in the financial markets, have…

• Summary Of My Post-Employment Tweets

  Published 07 September 2012 | viewed 0 times

  Here is a summary of my post-Employment tweets at @inflation_guy, for those not on Twitter and those who just want to see them all together.…

• Not Good Enough To Warrant That Reaction

  Published 06 September 2012 | viewed 0 times

  Stocks surged today, although still on fairly light volume, in a striking response to the ECB's proposal of a plan we already knew most of…

• Deserving It

  Published 05 September 2012 | viewed 0 times

  Does Chad "Ochocinco" Johnson deserve another chance? That's a question I saw several times bandied about today on the NFL Network. (It is, after all,…

• August Hangover

  Published 04 September 2012 | viewed 0 times

  Don't begin to worry, just yet, about the continued low volumes. It isn't unusual, following a long weekend, for the first day back to still…

• Why the Fed Will Ease in September

  Published 31 August 2012 | viewed 0 times

  On Friday, the long-awaited Jackson Hole speech by Ben Bernanke finally happened. With bated breath, investors waited for news of his oration. Unfortunately, most investors…

• Regime Change, Economist Style

  Published 28 August 2012 | viewed 0 times

  While central banks continue to fret about the risks of disinflation and deflation due to expectations of slower growth, the numbers continue to suggest those…

• What Keeps Me Awake At Night

  Published 28 August 2012 | viewed 0 times

  Well, perhaps we can have one more day of quiet markets. With London closed, volumes were again thin. The most notable movement was the sharp…

• Tempestuous Times

  Published 27 August 2012 | viewed 0 times

  At last, we are in the home stretch of August. This month has been excruciating by any measure - even by the measure of normal…

• We Have Been Here Before

  Published 23 August 2012 | viewed 0 times

  We have been here before. Prior to the last FOMC meeting, there were many signs that the Fed was preparing action, and they produced nothing.…

• It's In 'The Hole'

  Published 20 August 2012 | viewed 0 times

  As the end of August approaches, the somnambulation of the markets should be slowly diminishing. Events are still proceeding in slow-motion, but investors will gradually…

• Post-CPI Tweets (And Further Thoughts On CPI)

  Published 15 August 2012 | viewed 0 times

  Here is a collection of my post-CPI tweets (follow @inflation_guy) and some additional thoughts: Looks like +0.09% on Core CPI - incredibly, rounded UP. Lots…

• Cloudy With A Chance of 'Bummer'

  Published 14 August 2012 | viewed 0 times

  For as quiet as it is, the current selloff in 10-year Treasury yields is the worst since March. The 35-basis point selloff still only puts…