“History Doesn’t Repeat Itself, but It Often Rhymes” – Mark Twain Although Mark Twain was right that history seldom repeats itself, he was also correct in saying that history often rhymes. For example, it’s easy today to see the many parallels between recent events and those...
“Never bet against a stock index.” – The Lonely Realist America’s stock markets have been on a tear for the past 15 years. The S&P 500 index, down below 700 in March 2009, now is cresting 5,300, having increased more than 7.5x. Can it continue rising...
“Regulatory whipsawing is undermining American business.” – The Lonely Realist Consistency in policy and law-making provides the optimal foundation for strong economic growth. Uncertain government policy inhibits economic planning and therefore is business’s bane. Alternating political party Presidencies over the past 32 years provide a demonstrably...
“There’s something happening here, what it is ain’t exactly clear.” – Buffalo Springfield Both gold and Bitcoin are at dizzying highs. Why? It’s easy to be seduced by the almost-universal levitation of everything – the Magnificent Seven, global stock indices, residential real estate, corporate bonds, etc. –,...
“I am your warrior. I am your justice, and for those who have been wronged and betrayed, I am your retribution.” – Donald Trump, February 5, 2024 Retribution: deserved and severe punishment. Is Donald Trump’s February 5, 2024 rhetoric election year bombast? Or has the former President...