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. 

  • “I do solemnly swear that I will faithfully execute the Office of President of the United States, and will to the best of my Ability, preserve, protect and defend the Constitution of the United States.” – Article II, Section 1, Clause 8Loading the Elevenlabs Text...

  • “Cassandra is predicting a worsening recession.” – The Lonely RealistLoading the Elevenlabs Text to Speech AudioNative Player... TLR this week received the following letter from Cassandra (ED NOTE: a reminder that nothing in TLR is investment advice): “Dear Mr. Realist: I’m writing as a follow-up...

  • “Should Executive Power be subject to judicial checks and balances?” – The Lonely RealistLoading the Elevenlabs Text to Speech AudioNative Player... TLR recently received the following question from a reader: “Curious what your thoughts are on Federal District Judges blocking much of the Trump agenda?”...

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Managing The Economic Cycle (Part 1)*

Managing The Economic Cycle (Part 1)Loading the Elevenlabs Text to Speech AudioNative Player… An Economic Cycle has four stages. Simply stated, there’s (1) an expansion that reaches (2) a peak and results in (3) a contraction that reaches (4) a trough. Then the cycle repeats.

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This Time is Different – A Redux*

This Time is Different – A ReduxLoading the Elevenlabs Text to Speech AudioNative Player… As Mark Twain reputedly said, “History doesn’t repeat itself, but it often rhymes.” Is history repeating itself today? Or is it merely rhyming? Economists and historians make their livings based on

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Week in Review: April 25, 2025

Week in Review (April 19–25, 2025) The following Week in Review is provided for educational and informational purposes only and is not intended as investment advice.Loading the Elevenlabs Text to Speech AudioNative Player… TL;DR – Key Takeaways Markets Whipsawed by Trade Hopes: Global stocks rallied

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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.