US Treasury Securities

Government Credit and Money

Dr. Tiemann takes a deep look at the historical antecedents, including Ely’s Rebellion and the writings of Joseph Hawley, to show why our monetary system relies on the soundness of Government credit. Dr. Tiemann maintains that keeping the public credit in good standing is of paramount importance.

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Why the Debt Ceiling Debate Matters

US Congressional hardliners have been threatening not to raise the debt limit again.  They may not understand how central US Treasury securities are to the US and global monetary and banking system.  Dr. Tiemann explains the importance of raising the debt ceiling and the catastrophic consequences that could result from a failure by Congress to act in […]

Head Over Heels for the Yield Curve

Examines the perils of prediction and the relationship between an inverted yield curve and recession, the stock market and the economy as a whole. Explains why the disciplined investor would not make sudden, sharp changes in portfolio strategies to "beat the gun" based on an inverted yield curve.