The New Industrial Policy

2018-04-03T14:57:47+00:00

Dr. Tiemann takes a look at three specific instances of actions relating to U.S. industry which suggest that Trump is making a dramatic shift in both the style and substance of national industrial policy and answers the question of what these say about the type of Industrial Policy we can expect to see out of the Trump Administration. (Click the image to read Dr. Tiemann’s viewpoint on this topic.)

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Tom Brady’s Victory Pumps up Organized Labor

2015-12-14T20:09:19+00:00

Overturning NFL Commissioner Roger Goodell’s imposition of a four-game suspension on Patriots uber-star quarterback Tom Brady provides organized labor with a bigger gain from the ruling than Patriots fans received.  Leaders of organized labor should see in the ruling a strengthening of both the role of collective bargaining agreements and protections for workers facing arbitrary and capricious workplace disciplinary action. The Patriots’ apparent use of under-inflated footballs nevertheless pumps up existing collective bargaining principles and protective statutes in employment law. Read more at the link.

Growth in the Age of Cheap Capital

2018-04-04T13:41:19+00:00

This note helps readers understand how corporate management thinks about and makes deliberate choices about their capital structure, depending upon market conditions, discount rates, level of employment in the economy and other factors. A refresher on Modigliani and Miller, and assessment of why companies appear to be doing better yet unemployment remains high.

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Strategic Partnership

2012-05-28T22:27:17+00:00

New strategic transitional partnership agreement completed with Bill Stocklin of Stocklin Capital Management for the coordination and transition of investment management to Tiemann Investment Advisors over a period of a few years.

The Wall Street Vortex

2008-10-07T23:21:17+00:00

Review of the more than run-of-the-mill market corrections and diagnoses of actions by the government to stem the failures by such entities as Fannie Mae and Freddie Mac, while permitting the collapse of Lehman and Bear Stearns. Implications of the political uncertainty in light of the upcoming presidential elections and market reactions.

Hidden Costs of Investing

2018-04-13T12:52:59+00:00

Dr. Tiemann wanders into the bizarre world of closed-end funds to answer the curious question of why these fickle investments so often are found to be trading in the market at a discount to their underlying portfolio value, even in investment categories where there are perfectly good alternatives available.

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Meet Ben Bernanke, the New Fed Chair

2018-04-13T12:59:35+00:00

A summary of the Federal Reserve’s shift in policy and transparency during the tenures of Paul Volker and Alan Greenspan. Discusses the changes in the Fed’s approach to monetary policy from managing money supply to managing short term interest rates. The new Fed Chair, Ben Bernanke, supports a Fed policy targeting inflation rather than interest rates or money supply. Reviews Mr. Bernanke’s credentials, his relationship with Congress and the market’s reaction to him since his nomination.

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