“Like a broken clock, permabears are right once every cycle.” – Cassandra Last week’s TLR provided a compilation of permabear pretexts that led one reader to highlight an interview from Moneywise in which Mark Spitznagel, chief investment officer of Universa Investments, insisted that the “worst market...
“The ‘Permabear interview’ is a challenge to Cassandra’s 2025 predictions.” – The Lonely Realist A year ago, Cassandra predicted that “the Fed will continue to follow an easing path and, although it will use tough-talk to temper over-exuberance, it will not tolerate a recession. With inflation...
"The only difference between death and taxes is that death doesn't get worse every time Congress meets.” – Will Rogers “This time can be different.” – The Lonely Realist President-elect Trump has a unique opportunity to magnify his historic election victory by reforming dramatically improving America’s tax system...
“Last week it was immigration. This week, inflation.” – The Lonely Realist Is inflation coming baaaaack? As TLR wrote last week, “everybody’s distraught. No one likes the way things are going. Many are overwhelmed by immigration, inflation…, etc.” What does it mean to be overwhelmed by inflation? “Inflation”...
"Prudence dictates protecting against the downside…, especially now.” – The Lonely Realist Cassandra recently confirmed prophesies she first presented 3.5 years ago: that America’s economy would continue to expand – it indeed has been experiencing ongoing expansion; that inflation would be falling – inflation is in free-fall;...