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.

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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.

  • “America has become the poster child for creeping socialism.” – The Lonely RealistLoading the Elevenlabs Text to Speech AudioNative Player... There is no such thing as “State capitalism.” That’s a term invented to put a positive spin on State control of markets and industries –...

  • “China’s advantages in the production and refinement of rare earth elements are significant.” – The Lonely RealistLoading the Elevenlabs Text to Speech AudioNative Player... TLR this week received a number of emails disagreeing with TLR‘s assertion in last week’s commentary that China’s virtual monopoly over rare...

  • “ETFs and rare earths (and even soyabeans) are economic weapons.” – The Lonely RealistLoading the Elevenlabs Text to Speech AudioNative Player... An ETF is a public investment fund that trades on stock exchanges in the same way as a single stock (and with more liquidity...

  • “We are witnessing de-dollarization. Are we nearing a finale?” – The Lonely RealistLoading the Elevenlabs Text to Speech AudioNative Player... A Dollar is “fiat currency,” a piece of paper. It has no intrinsic value. People believe in it because they have faith in America’s economic...

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More by TLR

Lying, Cheating and the Corrosion of Democracy*

Lying, Cheating and the Corrosion of DemocracyLoading the Elevenlabs Text to Speech AudioNative Player… From the title, you might suppose that today’s TLR is about America’s elected officials. Although that would have been an excellent guess …, apologies, but today’s topic addresses a broader spectrum

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CoronaStatism (a budding branch of Coronanomics)

The Federal government is giving away money to bailing out America’s airlines. With Covid-19 ravaging airlines’ bottom lines, many believe this to be appropriate, an economically-wise decision.Loading the Elevenlabs Text to Speech AudioNative Player… It isn’t. There are terribly consequential choices that governments have to

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Rational Exuberance

The obverse of “Rational Exuberance” is “Irrational Exuberance,” a phrase popularized in December 1996 by then-Federal Reserve Chairman Alan Greenspan when he warned investors that unjustified internet optimism had crept into stock market valuations.  As a consequence, he warned, soaring valuation assumptions based on rosy

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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.