“Neither Congress nor the Supreme Court will do anything about it.” – The Lonely Realist Article I, Section 8, Clause 11 of the Constitution grants Congress the exclusive power to declare war. Article II, Section 2 of the Constitution names the President as the “Commander in Chief...
"Who will history declare to have been the winner of the Iran War, and who the loser?” – The Lonely Realist TLR has excerpted the following from Sunday's Rosen Report, the author of which is Eric Rosen (TLR recommends the Report, which can be found at...
“Highs and lows of April 2026...
“There is and will be further collateral damage from the Iran War.” – The Lonely Realist We are 7 weeks into the Iran War and markets have been soaring. even more so following comments made by President Trump forecasting an imminent end. Although the Strait of...
“Three quarters of the factors on which action in war is based are wrapped in a fog of greater or lesser uncertainty.” – Carl von Clausewitz “Beware the ‘fog of war.’” – The Lonely Realist When asked in 1972 about the impact of the French Revolution, Chinese...
“Hope for the best, but plan for the worst.” – The Lonely Realist Today's TLR continues to analyze the potential economic fallout from the Iran War by assessing the consequences of two “what if” possibilities: What if (1) there will not be a negotiated settlement; and...