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Michael Ashton

Michael Ashton


Contributor since: 26 Feb 2010

  • Too Sanguine By Half

    Published 24 March 2010 | viewed 1,092 times

    I have worried for a while about what might happen when we approach the end of March (see for example this comment in January), when…

  • Tragedy And Comedy

    Published 22 March 2010 | viewed 948 times

    Do you really want to read another comment that concerns healthcare and Greece? Really? Then read on. The healthcare bill passed the House of Representatives…

  • Entropy

    Published 17 March 2010 | viewed 1,104 times

    As regular readers will know, one reason I write this comment is so that I can ensure a regular flow of interesting and thought-provoking conversations…

  • Conservation-Of-Madness Strikes Again

    Published 16 March 2010 | viewed 2,205 times

    All the rain in the world (and it seems like we got, in fact, all the rain in the world) was unable to long dampen…

  • Give Me A One-Handed Economist

    Published 11 March 2010 | viewed 2,436 times

    Wednesday was another in a string of boring days - welcome boring days, given that Old Man Winter seems finally to be loosing his icy…

  • Shift-F9!

    Published 08 March 2010 | viewed 2,786 times

    For the second month in a row, the Employment report was stronger-than-expected. Let me attach two caveats, however. First, this month's exceeding of expectations was…

  • Am I Really Missing The Volatility?!

    Published 03 March 2010 | viewed 2,585 times

    It was another quiet day on Tuesday. The stock market opened with a gap up, but faded; bonds with a gap down, but covered that…

  • Spinning A Consistent Yarn

    Published 01 March 2010 | viewed 1,389 times

    It is true, the economic data is not singing harmoniously. Employment not only remains weak, but seems as if it may be weakening again; housing…

  • Last Refuge

    Published 25 February 2010 | viewed 3,873 times

    For the second day in a row, the economic data fairy left a lump of coal in the market's stocking. January New Home Sales, expected…

  • Ex Uno, Plures

    Published 24 February 2010 | viewed 2,105 times

    So much for a quiet day in the markets. The fading of momentum from both sides may in fact be, as I feared, a sign…

  • I Am Become Debt, Destroyer Of Worlds

    Published 28 January 2010 | viewed 4,330 times

    The stock market bounced back today, but in a fairly unconvincing fashion (if you ask me). After a couple of waterfall-decline sorts of days, a…

  • When Government Is Like A Box Of Chocolates ...

    Published 12 January 2010 | viewed 2,617 times

    I don't know if it was Reagan who said it first, but he was the first person I am aware of who said that government's…