“By every measure and employing any number of standards, America’s education system is failing.” – The Lonely Realist Shockingly, America ranks behind 21 other countries in math, reading and science. The world has progressed and American education quite simply hasn’t. Progress requires the decision to change...
“It’s the economy, stupid!” – James Carville (1992) Americans vote their wallets. Whether they like the incumbent’s or the challenger’s policies … or hate them both, they’ll vote for the candidate they believe will impact most positively on their economic health. If America’s economy has been...
“No one enjoyed watching this past year's "The Big Bust." Inflation, crypto winter, bank crises. Wow! How will this movie end?” – The Lonely Realist The Big Boom, America’s favorite movie for more than a decade, ended its run more than a year ago. Its sequel,...
“The canaries have stopped singing.” – Cassandra “The canaries are nervously pacing their cages.” – The Lonely Realist Cassandra’s warnings in prior TLRs presaged today's widely-held conclusion that the global economy has passed a tipping point. The failures of Silicon Valley Bank, Credit Suisse, First Republic and...
"SVB's excessive duration risk punched a government bailout ticket.” – The Lonely Realist The recent failure of Silicon Valley Bank (SVB) spotlights fatal flaws in America's banking system. America's bankers (as well as its uninsured savers) are being rewarded rather than punished for mismanaging their risks,...