michael ashton finance

So the BLS has issues measuring those things, and so it may be off. Textile machinery 306900. And the answer is almost always, no. And now what they've discovered is, you can raise prices and people will still buy your product, and that's shocking to a lot of them. We promise to keep your information safe and secure. Patek Philippe Nautilus. BYU Economics student interested in consulting, finance, strategy, and teaching. Except that in renting, you don't own the asset value. So is there inflation today? There's one called PriceStats, actually, that used to be called the Billion Prices Project out of MIT, where they basically go and create their own price index by scraping all these prices from the web. I value connecting with The other one I've always heard is, "Oh, if you think inflation is two and a half percent, then go ahead and eat your iPad," because the technology component pulls it down. It's actually a very good metaphor here, because .300, 20 years ago, isn't the same as .300 today. Get Allstate Personal Financial Representative: Michael Ashton can be contacted at (315) 794-3803. Really pleased to have received my certificate in Sustainable Finance from the University of Cambridge Institute of Sustainability Leadership. Michael: And the answer turned out to be that there are big portfolios of TIPS out there where there may be a big asset manager that owns $50 billion worth of TIPS. And forget about the nominal number of basis points, look at it in percentage terms. . Michael: Right? You can have a bunch of people who agree that those prices are going up and they disagree about whether or not there's inflation, because the question is, is there an underlying process that's causing that to happen? There are 300+ professionals named "Michael Ashton", who use LinkedIn to exchange information, ideas, and opportunities. And that's the unanchoring of inflation expectations that the fed worries about. There's a debt service and it's akin to renting, right? Markets By Michael Ashton 2022-09-13 19:06:00 +0300 CPI Breakdown: Have WeReallySeen The Highs In Inflation? So this is the portion of the program called, ask me anything, and you're not prepared for this in any way. Michael: Well, that's actually the real problem with the inflation options market is, is the dealers end up having to sell all the vol, and just like an insurance company, eventually, you sold all the volatility, you sold all the options you want to sell, and there's no way for the dealer to reinsure that risk. By clicking submit you confirm that you qualify as an institutional investor and you consent to allow Insurance AUM to store and process the personal information submitted above. And it's like, man, you not only do you not want any more of it, and if you're a monoline carrier, you got to keep writing business, right? Ref# 5167R-001 | Complete, Unworn, 2021. So keep me on track here, because I'm a lunatic about this, is inflation something to be concerned about right now? I am thrilled to have you on. He is now widely recognized as a premier subject matter expert on inflation products and inflation trading. of experience in the finance industry. So you can do a synthetic inflation option in a structured finance type approach, get much better capital treatment for it, and essentially, you've reinsured a financial risk in a reasonably low cost way, or at least Or for that matter, if it's a particular basis, inflation basis, you're interested in, it's medical care costs, as opposed to headline, there is no medical care TIPS out there. And are those anecdotes happening more frequently? All Firm Advanced Planning Team I thought you were going to ask why they're cheering, which would be a good question. Now, maybe it changes more slowly than the definition of inflation, than of our consumption basket, but it does change. And when I started at the fed in December of '06, yeah, right, '86, thanks, I was 22 grand. And now, we've reminded them that as business owners, preserving margin, you can raise prices, even in a competitive industry and maintain your margins. First question on the table, Mike, what is inflation? Ashton is known as one of the pioneers in U.S. inflation market innovation. I love to learn . Stewart: Very, very good advice. Is that what we have to worry about? if (!$this.attr("data-email-to-completed")) { You can go and see restaurant prices are higher. Since 2003, when he traded the first interbank U.S. CPI swaps, and 2004 when he was the lead market maker for the CME's CPI Futures contract, he has played an integral role in developing new instruments and . When I was at Lake Forest College, that number's not very far off. It's not like you're going to be at a 102 for a minute, you're going to be at a 104, then you're at a 108, then you're at a 114. There aren't a whole lot of dealers who do very much of it and they do caps rather than swaptions and so on. And part of the answer to that is, that there's a precautionary demand for money when you're afraid, you save, and when things go back to normal, you spend. If you like us, please like us on all the major platforms. Previous names of MICHAEL ASHTON PTY LTD. North American Region at Volkswagen Credit, Inc. Herndon, Virginia, United States 547 followers 500+ connections Join to connect Volkswagen Credit,. And I don't think anybody disputes that they're going up. It's a difficult market. That's really part of the issue here is that, if all of your lines have some sort of inflation risk in them, then you don't really have the ability to stop offering any sort of P&C, because you've got full on the risk. Patek Philippe Nautilus. Get Full Access to Michael's Info . Michael: We're getting back to the question of the inflation process. Those are flip sides of the same thing. And then you're left with this financial risk that we can do something that looks like reinsurance on. CONTACT Similar Advisors Similar Advisors Danna Jacobs CRD# 5366446 Legacy Care Wealth, LLC Michael: Well, look, I mean, we'll talk to anybody who'll let us talk about inflation. var address = $this.attr("data-email-to-name") + String.fromCharCode(64) + $this.attr("data-email-to-domain"); The best way to use Wealthminder is to take advantage of our free proposal system. Michael: So let's bring it into the P&C world. Disk and diskette equipment, except drives 20660104. Michael Ashton's email address m*****@wildsca.com | Show email & phone number >>> Rocketreach finds email, phone & social media for 450M+ professionals. And so the level of volatility of the data and probably the volatility of market instruments is almost certainly going to go up, and we have a great increase in the probability of a long tail event. Is that inflation? View Biography. Thanks for listening. Dortmund Airport (DTM) to North Rhine-Westphalia by bus and train. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. seconds. And once it changes, it's very hard to change it back. Michael Ashton, who styles himself "Inflation Guy" on Twitter, has been preparing for this moment for almost 20 years. Ashton is known as one of the pioneers in U.S. inflation market innovation. You came on this thing voluntarily, so fair warning. And he said, "Yeah, we bought biotech stocks as a hedge on medical inflation." Patek Philippe Nautilus. if (!$this.attr("data-email-to-completed")) { The information contained herein is obtained from sources believed to be reliable, but its accuracy cannot be guaranteed. Michael: Oh, my goodness. Mike, welcome. SEC.gov High growth is good for stocks, bad for bonds and vice versa. Michael Ashton will be responsible for developing new insurance business for Gibraltar. The Gibraltar government has announced the appointment of a new business development lead for insurance and one for private client sector growth within the Gibraltar Finance Centre. And that's where the market will eventually go, but right now you've got to do it in a structured finance kind of way. Look, we're going to go off the rails here. I'm going to screw it up. At Ashton Thomas, our staff's goal is to deliver indispensable intelligence, personalized insights and impeccable service. Stewart: There's not, at least not that I'm aware of, a silver bullet hedge on inflation. I mean, this is not where we thought this conversation was going to go. InsuranceAUM.com is not a Registered Investment Advisor, Broker/Dealer, Financial Analyst, Financial Bank, Securities Broker, or Financial Planner. So going back to the hurricane, so you've got a low probability, long tail event and you can't really diversify your way to a good outcome. } Michael: But what happened was And so all of these people, all these suppliers, all these vendors, believed that if they raised prices, they would lose all their business. And that calms me down. Stewart: blah, blah." You get your diploma. I'm with you because people have stopped buying sorghum, generally. Now, we can talk about the individual components and what happens, but overall they seem to get the broad answer close to right. Well, that means they've got billions of dollars of exposure to medical care inflation and at the right price, they'll underweight that and pay you medical care inflation. Stewart: So when we see No, bad. Michael: Sure. And right now you would have to do some sort of structured finance thing, rather than define the treaty a different way. It's somewhat different, but it's vaguely close. You advise people for a living on inflation. Facebook gives people the power. Location: Ashton St. Michael's Ward<br>About The Role<br>Our Company is one of the UK's leading and fastest growing soft FM service providers, offering the full range of professional cleaning services nationwide.<br>We are transforming the commercial cleaning space, combining pioneering future-fit technology and innovation with an ambition to ensure that every colleague has progression . Michael: Well, the first thing is he's kind of wrong. That if their costs went up, they'd try to absorb the margin compression as long as they could, because they believed if they raised prices, everyone would go away. Shelled cacao beans . And we went around working on a security that you could trade medical care inflation through, and you could trade on the New York Stock Exchange. He earned his Bachelor's Degree in Business Management and Finance from Mount Mercy University. It was a challenge getting back into formal study again so big thanks to the amazing tutors (especially Simon C.Y. And so, you really can't compare old era baseball players with new era baseball players. So you've got an available heuristic for getting that general idea. Michael: Well, not quite, they never put a zero in, because it causes problems with the math, but minus 99%. Stewart: I mean, work comp carriers have a hell of a time with that. I can't thank you enough for your expertise. View the profiles of professionals named "Michael Ashton" on LinkedIn. So regardless of whether you think that it's going to lead to inflation or deflation, because we have too much debt, and there's a lot of debate going on, what I think it means for investors, and especially insurance companies, is that you're going to have a lot of inflation volatility. Our Team We help our clients pursue their wealth management goals through careful advice, astute investment management, and a fiduciary standard of care. You're doing just fine. You have been idle and will be logged out in So where you're not actually improving your lot. Well, that means they've got billions of dollars of exposure to medical care inflation and at the right price, they'll underweight that and pay you medical care inflation. I'm just telling you. over 22 years Michael: So we're training people, we've conditioned people over the prior quarter century to not raise prices. Pinterest. And don't get too worried about all the little microgyrations that happen, because most of them don't matter. Stewart: What's your typical How do you apply your knowledge to the-. Senior Executive. Question is-. CTFA | Managing Sr. But the long tail lines, like worker's comp, med mal, long-term care-. Follow us, we appreciate that. I don't know how many people follow this guy, but my username was Stewart. Obituary. +350 200 50011. michael.ashton@financecentre.gov.gi. InsuranceAUM.com is the #1 Site for Insurance Investors. And so that doesn't mean you're going to get hit by a hurricane, but the potential for a big long tail outcome is much higher than it has been in a very, very long time. Michael: Well, that's right. Michael: The BLS has a handbook of methods that tells them how to do this stuff. Wealthminder was built to make the process much easier. Stewart: I am an opinionated human being, with regard to inflation, with nearly zero data. They eat you. Michael: Well, we always seem to start with that, and you would think it would be a very easy answer. Because I know that this is your jam. And of course, the question is, and here's where you get your first big dichotomy, big disagreement among people who watch inflation is, are those anecdotal price increases that are caused by COVID and went off and they're going to go away? But we are in an environment, and for a long time, we've been in this low inflation environment, very placid inflation environment. And there's arguments about, hey-, Stewart: it's better for the government if the COLA's low-. I actually sit on the Risk Management and Insurance Board at University of Missouri, which is an emerging risk management and insurance school. Michael: I do too. But let's go back to the ShadowStats guy and some of the claims. Last week, a guy was hitting .300. Michael was the finance director of the management team that bought out one of the Lloyds Markets largest managing agents, Methuen Underwriting, in 1995. And some of that was luck, but some of it was policy. Stewart: And the insurance companies are massively exposed to it, many depending upon the line, but massively exposed to that. And so in principle, and I've worked with folks on this solution in the past, you can take TIPS and put them in a trust and tranche out the medical care portion of it, and pay that out as a coupon. Stewart: So how are insurance companies exposed to inflation? It's just a lot. And the BLS says, it's reasonable, they say, "Well, look, if the guy doesn't pay rent, that lowers his cost of living." And the other pays the total return of those stocks minus the medical care index. The journey time between Dortmund Airport (DTM) and North Rhine-Westphalia is around 1h 41m and covers a distance of around 96 km. Information presented may or may not be current as of the date of the presentation, andInsuranceAUM.comhas no duty to update and maintain the information, reports, or statements made during events. And I mean, this is your jam. And in my mind, and I'm not a baseball guy at all, I'm a race car guy, but Albert Pujols, since you brought it up, will always be a St. Louis Cardinal, to me. Michael: And you've got spastic fiscal policy, again, something we've never seen. Well, let me start by pushing back a little bit on the baseball metaphor. Mike Ashton, Managing Principal at Enduring Investments, thanks for being on. var $this = $(this); Wong ) and classmates from all over the world who helped make the course an enjoyable . Patek Philippe Aquanaut. I mean, and to your point about the options market, the inflation options market being terrible, I suspect that everybody wants to be on the same side of the trade. Think about where you're going to be in five years or 10 years and aim for it. Most recently, there's a trillion nine, which is a staggering number of stimulus. Each price change is a supply and demand intersection and something is changing. Or are these one-off anecdotes? And when it came back, presumably you'd have a bounce. Mr. Ashton is a pioneer in the U.S. inflation derivatives market. Michael Ashton, age 71, died peacefully on September 20, 2021 in Marshalltown, IA following a courageous battle with pancreatic cancer. And if they don't think they're ever going to collect the rent, then it's a zero for that unit, even if there's somebody living there. Stewart: That's a pretty good number. $this.attr("data-email-to-completed", true); Michael Ashton is the Financial Advisor at Prudential Financial based in United States. And so everyone keeps telling me that restaurant prices are going to go back down, when the pandemic is over, and I don't know why they would. And eventually, you open up the door and the bag is full. Stewart: It just depends on where the check is deposited. If you have ideas for podcasts, please email us at podcast@insuranceaum.com. But now we're moving into the summer months for hurricanes. He grew up in Clinton, IA and graduated from Clinton High School in 1968. Baseball, batting average, in the '80s, a guy hit .300. And so, you get this diversification effect, and it's a wonderful thing. Series of anecdotes, we just have to dis-aggregate these risks that all. Live in a Cardinal uniform of risk in there, right of inflation expectations that BLS!, look at it in percentage terms the U.S. inflation market innovation wacky questions finance. A 100 %, `` Hey, we 're getting back to the amazing tutors ( Simon Is not designed to meet your Personal financial Representative: michael Ashton will logged. 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Director, Remarketing Sales Representative: michael Ashton is known as one of the pioneers in inflation `` yeah, right, '86, thanks, I guess, is inflation thing, rather than define treaty!, long-term care- right now the market today- monetary velocity, how fast are spending.