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. TL;DR – Key Takeaways Markets Whipsawed by Trade Hopes: Global stocks rallied mid-week on signs of a U.S.-China trade thaw, with...

“Is American exceptionalism grounded in meritocratic capitalism or pluralistic diversity, equity and inclusion…, or both?” – The Lonely Realist Meritocratic success has defined America for more than 200 years...

“De-dollarization happens slowly…, then all at once.” – The Lonely Realist TLR was struck by Cassandra’s observation last week that because Europe now is pursuing an overhauled “Europe First” strategy (notably with respect to defense manufacturing and strategic materials) to compete with Trump 2.0’s “America First,”...