Enduring Insights
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Plus ça change
Enduring Investments – January 23, 2009
In my humble opinion, the way the current recession is signifigantly worse than 1992 is the expansion that proceeded it was a small fraction of the Reagan boom. Read more »
Inflation Targeting - Mishkin Weighs In
Michael Ashton – January 12, 2009
The Fed's Frederic Mishkin is arguing In Praise of an Explicit Number for Inflation... Read more »
The Punchbowl
Enduring Investments – January 9, 2009
The easy response is, "Who thinks the government is going to be willing to raise future taxes enough to pay it off?" The harder question is, "Will the government be able to raise future taxes enough to pay it off?" Read more »
Nah, Why Worry About Inflation?
Michael Ashton – January 8, 2009
Headline on Drudge today...noting interest rates in the UK are the lowest since...um...1694. Read more »
The New Phonebooks Are Here!
Michael Ashton – January 7, 2009
Just published: Inflation Risks and Products Read more »
On the Valuation of TIPS
Enduring Investments – December 30, 2008
First it is unlikely that the actual deflation over the next few years will be anywhere close to what the TIPS market is pricing in. Second, once inflation returns, I have a hard time believing the Fed will be able to keep it around two percent given the amount of liabilities the Government is creating. Read more »