“A deflating crypto bubble is now hemorrhaging from Ponzi punctures.” – The Lonely Realist In July’s “Crypto Reality,” TLR noted that although crypto was devised to be a transparent, democratic, de-centralized financial technology that would overcome the burdens of traditional finance and allow investors to safely build...
“Although many pessimists hear echoes of the 1930s …, 2022 is not 1939.” – The Lonely Realist A TLR theme has been to highlight parallels between the Great Depression decade and the decade following the Global Financial Crisis (GFC). The former served as a prelude to...
“Buckle your seat belt. Change has come to American government.” – The Lonely Realist With Presidential power subject to increasing legislative and judicial constraints and with a post-midterm Congress certain to be deadlocked, a newly-empowered Supreme Court is increasingly holding the reins of government power. Its...
“The American brand of capitalism has been replaced by an American brand of socialism.” – The Lonely Realist TLR is a huge fan of laissez-faire capitalism, crediting it for America’s geopolitical preeminence, 200 years of wealth-creation and an ever-increasing American standard of living. Because America’s brand...
“We’ve had enough of Quantitative Tightening! It’s time for a pause.” – The Lonely Realist TLR last year ventured that Joe Biden and Jay Powell had engaged in political deal talk when they discussed Jay’s reappointment as Fed Chair. In exchange for that reappointment, one of...