"America is a nation divided by economic, cultural, racial and social fissures. Americans agree that this divisiveness is self-destructive. There's more they can agree on.” – The Lonely Realist America is having an identity crisis. That shouldn’t be surprising. Empires like America rise and fall in...

“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...

“With stocks priced to perfection, America’s love affair with equities may be waning. Are there attractive alternatives?” – The Lonely Realist As TLR noted this past May, the Federal Reserve has the ability to deflate inflationary excess …, including priced-to-perfection equities. It merely has to “remove...