The Lonely Realist
Political & Financial Commentary

The Lonely Realist is a bridge across the partisan gap, raising questions and making pointed observations about politics, economics, international relations and the markets. Its goal is to raise awareness and inspire thought on controversial issues that impact America and Americans, highlighting issues that should be, but rarely are, the focus of bipartisan discussion.

In seeking to promote dialogue, The Lonely Realist is not an advocate of conclusions or remedies. To the extent perceived biases leak into these pages, as they sometimes do, please ignore them. They are inadvertent missteps. 

  • “Inflation is the dragon that the Federal Reserve must slay. At what cost?” – The Lonely Realist The anticipated recession has arrived. America has suffered two consecutive quarters of negative GDP growth, the classic definition of recession (as discussed here). If more evidence were needed,...

  • TLR‘s February 6, 2021 commentary was “Lessons from ‘The Bedford Incident.’” It was timely then and is even more so now. Nancy Pelosi’s recent visit to Taiwan and Ray Dalio’s “The US-China Tit-For-Tat Escalations Are Very Dangerous” highlight the enhanced risks. The Bedford Incident, a...

  • “With lawlessness condoned and the Rule of Law in tatters, American democracy is sliding downhill.” – The Lonely Realist Stability, social cohesion and national unity depend on the Rule of Law, a cornerstone of American democracy requiring that laws be fair, that they be understandable,...

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Walter Cronkite is Dead

“Relative realities are thriving, fed by disinformation.” – The Lonely Realist The late 20th Century was The Golden Age of News. Larger-than-life newscasters earned the public’s trust and proved they were worthy of it. They policed the activities of governments, businesses, and industries. Walter Cronkite,

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A Postscript

A number of readers have asked for emailed copies of prior TLRs that are referenced in more recent commentaries or relate to subjects in more recent commentaries.  All TLRs (which began in February 2019) are easily accessible on The Lonely Realist website ( and can

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A Delicate Balancing Act; More Turkey Anyone?*

A Delicate Balancing Act The NY Times on May 21st published an editorial entitled “Charity Won’t Solve Student Debt” the title of which spotlighted the student loan debt debacle crisis. Total student loan debt now stands at $1.56 trillion with more than 44 million Americans

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William (Bill) Natbony is The Lonely Realist, its author and originator. The opinions expressed in TLR are solely Bill’s opinions, have not been edited or reviewed, and do not reflect the views or opinions or any other person.