“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...
“The wings of black swans darken today’s sky.” – The Lonely Realist Black swan events are unpredictable surprises that portend unforeseeable and potentially severe consequences. The world is awash in 1930’s-like risks, some of which lurk in plain sight and others of which have not yet revealed...
“Governments in America derive their power from the people they represent. Powers not explicitly delegated are retained.” – The Lonely Realist Florida Governor Ron DeSantis and the governors of Texas, Arizona, Iowa, Oklahoma, South Carolina, Tennessee, and Utah have banned mask mandates in schools. Governments – local, State,...
"Reddit users have organized themselves into 'wolf pack' communities where individual investors act together to hunt hedge funds, activist investors, and short sellers." – The Lonely Realist Social media are fond of describing the Wolves of Wall Street as hedge fund predators who feast on the...
“Those who fail to learn from history are condemned to repeat it.” –Winton Churchill (paraphrasing George Santayana) As TLR wrote two years ago (on September 30, 2019 in "The Failure of American Foreign Policy" linked below), America has been pursuing a failed foreign policy of speaking loudly and...