Enduring Insights

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Enduring Investments 2011 Course Catalog

by Michael Ashton on June 9, 2011

Enduring Investments offers short courses on various aspects of inflation and inflation-linked investing. Read more »

Hedging Medical Care Inflation in OPEB Plans

by Michael Ashton on June 2, 2011

I have just posted at SSRN an article I wrote in 2008 and never published. The article demonstrates how to think about hedging Medical Care inflation in post-retirement medical plans, and other 'inflation basis' problems. Read more »

Under the Hood of the CPI: Housing Inflation

by Michael Ashton on February 10, 2011

No subgroup gets a higher weight, or more attention, than the Housing category. This week I will drill down a little deeper on housing. Read more »

Under the Hood of the CPI: Transportation Inflation

by Michael Ashton on February 2, 2011

Last week, I showed how the eight major subgroups of CPI were contributing to the overall development of the inflation index. This week I want to drill down a little bit on one of the subindices: Transportation. Read more »

Under the Hood of the CPI: Where Inflation Is and Isn't

by Michael Ashton on January 26, 2011

All-Items CPI is now rising at 1.496% year-on-year. But where is it coming from? We look at the evolution of the various subcomponents.  Read more »

The Value Of LIBOR Bonds As An Inflation Hedge

by Michael Ashton on October 19, 2010

 Nominal-world-based research suggests that LIBOR bonds can be an effective hedge for inflation. However, an analysis of hedging properties in real space illustrates that some of this apparent protection is illusory. Read more »