“Should America wage a ‘War on Unaffordability’ as the 21st Century successor to the 20th Century’s ‘War on Poverty’?” – The Lonely Realist Is there really an “affordability crisis”? If so, when might such a “crisis” become “critical”? It was a little more than 60 years ago...
“The Iran War is igniting an inflationary bonfire.” – The Lonely Realist TLR yesterday had the opportunity to discuss economics with Cassandra, the mythical Trojan priestess gifted by the Greek God Apollo with the ability to make accurate prophesies but burdened with the curse that her prophesies...
“Highs and lows of April 2026...
“There is and will be further collateral damage from the Iran War.” – The Lonely Realist We are 7 weeks into the Iran War and markets have been soaring. even more so following comments made by President Trump forecasting an imminent end. Although the Strait of...
“Hope for the best, but plan for the worst.” – The Lonely Realist Today's TLR continues to analyze the potential economic fallout from the Iran War by assessing the consequences of two “what if” possibilities: What if (1) there will not be a negotiated settlement; and...
“Wars are messy, their consequences unpredictable.” – The Lonely Realist “The implications of developments in the Middle East for the US economy are uncertain.” – Jerome Powell (March 18, 2026) History teaches that wars are disruptive. They have unanticipated spillover effects, including by creating interest rate and...