“Inflation is the dragon that the Federal Reserve must slay. At what cost?” – The Lonely Realist The anticipated recession has arrived. America has suffered two consecutive quarters of negative GDP growth, the classic definition of recession (as discussed here). If more evidence were needed, the...
TLR's February 6, 2021 commentary was "Lessons from 'The Bedford Incident.'" It was timely then and is even more so now. Nancy Pelosi's recent visit to Taiwan and Ray Dalio's "The US-China Tit-For-Tat Escalations Are Very Dangerous" highlight the enhanced risks. The Bedford Incident, a 1962...
“This week’s Fed Rate Hike and negative GDP report provide recession grist for would-be oracles, but don’t bet-the-farm on alleged experts’ conjectures. No one can predict the future.” – The Lonely Realist Those who assert their ability to predict the future are optimistically representing their guesses...
“Presidential choices for the 2024 Election are … unappealing.” – The Lonely Realist How do Americans feel about “Four More Years!”? Not good. Only a minority support a second Biden term. Would Americans prefer “Let’s Make America Great Again!”? Even among Republicans, only 45% want the former...
“Today's Supreme Court is the most influential branch of America’s government … and also its most active.” – The Lonely Realist America’s Congress is riven by partisan squabbling rendering it unable to fulfill its legislative obligations. America’s Presidents consequently have resorted to executive orders issued without...