"SVB's excessive duration risk punched a government bailout ticket.” – The Lonely Realist The recent failure of Silicon Valley Bank (SVB) spotlights fatal flaws in America's banking system. America's bankers (as well as its uninsured savers) are being rewarded rather than punished for mismanaging their risks,...
“It may seem that America has experienced major changes over the last four years, but the reality is that the more things appear to have changed, the more they’ve stayed the same.” – The Lonely Realist Today marks the beginning of TLR’s fifth year. With more...
"Never invoke the gods unless you really want them to appear. It annoys them very much." -- Gilbert K. Chesterton TLR over the last four years has repeatedly looked to Cassandra to provide insights into some of the more challenging issues facing America. For example, in...
“Recent trends have no precedent. The world’s economies, governments and societies are in uncharted territory.” – The Lonely Realist A recurring TLR theme has been that “These Times are Different" …, but not all that different. Although the world has been experiencing an historical cycle that...
“What do today’s revolutions portend?” – The Lonely Realist As TLR first noted in August 2019, the world has experienced massive revolutions over the past 250 years in agriculture, industrial production, technology (including artificial intelligence) and biotechnology, all of which are continuing. They have brought unparalleled...