“Self-interest has made Joe Biden and Jay Powell best buds. Joe has agreed to reappoint Jay. Jay, in turn, has reassured Joe that America can (and will!) achieve low inflation and ever-higher equity prices by November 2022.” – The Lonely Realist Have you imagined the conversation...

“America is a country with cutting-edge 20th Century infrastructure, cutting-edge 20th Century business practices and cutting-edge 20th Century government policies. Unfortunately, this is the 21st Century.” –The Lonely Realist America is obsolescing. Progress requires forward movement. America instead is moving sideways …, when it moves at...

“No one works anymore. There's no need to have a regular job and there are too many employment opportunities to choose from anyway.” – The Lonely Realist Those Americans whose role model is television character Maynard G. Krebs (The Many Loves of Dobie Gillis) are today...

“Prices are rising. The supply chain is broken. The economy is slowing. What’s next?” – The Lonely Realist So much economic noise! So much chatter with little coherence or consistency. There are financial tweets from social media personalities like Twitter CEO Jack Dorsey, who recently warned...