25 Jul Teetering on an Economic Knife-Edge
“What does ‘the death-of-deflation’ mean for America?” – The Lonely Realist TLR yesterday received the following letter from Cassandra, the mythical Trojan princess gifted by the Greek God Apollo with the ability to prophesize and burdened with the curse that her prophesies would not be believed....
04 Jul The Art of Inflation
“Modern economies have a love affair with inflation.” – The Lonely Realist For some, inflation is a bad thing. For others, it’s a good thing. Whatever its impact, inflation is a modern fact of life and its future today seems … bright. Inflation generally is viewed as...
20 Jun Taxes, Trumpian Taxes and AI Taxes
“The only difference between death and taxes is that death doesn’t get worse every time Congress meets.” – Will Rogers The American government is running a $2 trillion annual deficit. Perfunctory efforts at budget cutting, whether by DOGE or the President or Congress or through Federal...
06 Jun The End of Bitcoin?
“Because Strategy, Inc. is a significant investor in Bitcoin, Bitcoin's price is being adversely affected by Strategy, Inc.'s price.” – The Lonely Realist TLR wrote in December 2021 about “Bitcon,” using a label intended to highlight what at the time was widespread Bitcoin skepticism. Were Bitcoin's...
23 May The Stock Market-AI Romance
“Buy the dips?” – The Lonely Realist Did you sell the rally at the stock market's recent high on May 14? Are you going to follow the adage of “selling in May and going away”? Or are you instead a long-term stock market investor who sees...