“How long is forever?” – The Lonely Realist Stein’s Law—named for economist Herbert Stein, Chairman of the Council of Economic Advisers under President Nixon — states that “If something cannot go on forever, it will stop.”* America’s rising standard of living, ever-increasing GDP, global hegemony, and...
In a letter to TLR on June 27, 2021, the "Delphic Oracle" offered predictions about America's economy, projecting ongoing asset inflation due to the Fed continuing its QE money-printing – which indeed continued – leading to higher stock prices (TINA) – which it did –,...
“Buy the dip! Sell the rally!” – The Lonely Realist The markets are wacko! What are they going to do next? Will stocks again start climbing the proverbial stairs back up to record heights … or will they continue riding the elevator down to depressing lows?...
“The West has responded to Russia’s invasion of Ukraine by detonating its nuclear currencies. Fallout will include inflation, geopolitical instability and more.” – The Lonely Realist Vladimir Putin has set his sights on attaining immortality by following in the footsteps of Peter the Great and creating...
“One regulator to rule them all; One regulator to find them; One regular to bring them all; And with enuf freakin red-tape bind them.” – The Lonely Realist The SEC in late January proposed regulations that would impose new and costly burdens on managers of private...