“Entitlement spending and tax cuts have fueled unaffordable deficits. To fund those deficits, America will have to reduce entitlements and increase taxes. Sorry!” – The Lonely Realist America for decades has been spending more than it earns, far more …, a subject much-discussed in prior TLRs....
“Fear and greed cut two ways.” – The Lonely Realist The predictions Cassandra made two years ago were prescient. She said that the Fed’s successful management of America’s economy has proven it to be “a highly capable economic general [whose] creative policies avoided depression following the...
“There’s something happening here, what it is ain’t exactly clear.” – Buffalo Springfield Both gold and Bitcoin are at dizzying highs. Why? It’s easy to be seduced by the almost-universal levitation of everything – the Magnificent Seven, global stock indices, residential real estate, corporate bonds, etc. –,...
“Predictions are hard, especially about the future.” – Yogi Berra TLR recently presented a reality-perspective to Cassandra and received the following reaction. THE REALIST: Good morning Cassandra. I understand you are pressed for time today. CASSANDRA: Good morning Mr. Realist. I apologize, but I do have time sensitivity. THE...
“America should profit from its foreign entanglements.” – The Lonely Realist America is well-positioned to profit from today’s international military and munitions supply-demand imbalance, prison inmate and immigrant oversupply, the domestic consensus for increased protectionism, and foreign policy prerogatives in the Middle East, Europe, Taiwan, Korea,...