Bill Bonner’s Diary of a Rogue Economist

The “Military” Secret to Getting Rich

Bill Bonner, Chairman, Bonner & Partners, September 22, 2014

Source: Wikipedia. Dear Diary, We got back from Argentina on Saturday… The Argentines have seen it all. They know that politics, like markets, follow cycles. Good follows bad… followed by good again. “We’ve had a rough time,” said one Argentine analyst we talked to. “Because the government has been so stupid. But people now know it has been stupid. There’ll be a change in a year, and it will almost surely be for the better. “The trouble with the US,” » Read Article

Rick Rule on the Most Hated Commodity in the World

Chris Hunter, Editorial Director, Bonner & Partners, September 20, 2014

Editor’s note: What is the most hated commodity in the world? Speaking at a recent S&A Conference event, billionaire resource investor Rick Rule told the audience that it was “a fairly target-rich environment.” Rick listed a number of possible candidates – from water… to agricultural minerals… to coal. But as he revealed, one commodity stands out head and shoulders above the rest as cheap and hated. As Rick told conference host Porter Stansberry, “Truly, the price of [this commodity] goes » Read Article

This Country Will Get Worse Before It Gets Better

Bill Bonner, Chairman, Bonner & Partners, September 19, 2014

Picture from Wikimedia. Dear Diary, Scotland voted to stay part of Britain… Even so, we’re considering a campaign to free Maryland (about which, more anon). We are in Uruguay giving a speech to a group of Argentine investors. What can we tell them that they don’t already know? They’ve seen it all. Yesterday’s edition of El Clarín newspaper reported that the Argentine peso had dropped past the 15-to-the-dollar level for the first time. When we first came to Argentina – it must have been in about 2005 » Read Article

Yesterday at 7 a.m., the Ambulance Arrived…

Bill Bonner, Chairman, Bonner & Partners, September 18, 2014

Rainstorm from Wikimedia. Dear Diary,We are traveling today. No time or place to catch up on the financial markets. All we know is that the Dow closed at a new record. Gold lost $13 an ounce. So we will tell you a bit of what went on at our ranch in Salta Province in northwestern Argentina… It’s a beautiful spot, in a harsh and majestic sort of way. In early spring it’s windy, cold and very dry. The cattle are getting thin. » Read Article

Dancing on Tables with Lampshades on Their Heads…

Bill Bonner, Chairman, Bonner & Partners, September 17, 2014

Source: Derrick Tyson. Dear Diary, The Dow rose 100 points yesterday. Gold was up one lousy dollar. We’ll take the gold, thank you very much. Because our guess is that this stock market is living not only on borrowed money but also on borrowed time. With the addition of Chinese Web portal Alibaba, there are now 44 start-ups preparing to enter the public markets. Each of these has a valuation of more than $1 billion. The last time there was » Read Article

A Much Better Alternative to Trading

Bill Bonner, Chairman, Bonner & Partners, September 16, 2014

Fur traders in Canada, trading with First Nations, 1777. Source: Wikipedia. Dear Diary, The Dow rose back above 17,000 yesterday. All clear. US stock market investors: Your money will probably not die today. Maybe tomorrow. But does it really make sense to be in the US stock market now? There may be apples higher up in this tree, but it is dangerous to reach for them. We came up with our Simplified Trading System (STS) a long time ago as » Read Article

Everyone HATES this ultra-cheap market

Bill Bonner, Chairman, Bonner & Partners, September 15, 2014

October is coming. Excess liquidity is disappearing. And with the S&P 500 on a trailing P/E of 19.7, the index is fast approaching “sell territory.” Watch out. We finished our series on investment theory last week. Now we turn to practical application. There are three parts to the investment world. The first part is Aristotelian, Cartesian, Pythagorean. It is a world of logic and calculations. He who calculates best wins. The second part is Socratic and Emersonian. The investment world, like the rest of » Read Article

How to Profit from Washington’s Broken Promises

Bill Bonner, Chairman, Bonner & Partners, September 13, 2014

U.S. Capitol, Washington, D.C. Source: Wikimedia. Editor’s Note: One of the biggest questions for US investors is how to protect your buying power in the fiat dollar regime. The answer is simple. Buy what can’t be inflated away. In a world of abundant money creation, buy tangible assets that are in scarce supply. Not only will they protect your wealth… you can also profit as the value of the dollar falls. That’s the recommendation from today’s guest author Rich Checkan, » Read Article

The Best Wealth Building Advice You’ll Never Take

Bill Bonner, Chairman, Bonner & Partners, September 12, 2014

Dear Diary, Gold was unchanged in yesterday’s trading. US stocks lost a little ground… but not much. Yesterday, we took part in an “Ask Me Anything” session related to our latest book, Hormegeddon, on social news site Reddit. (You can find extracts from the resulting exchange in today’s edition of Market Insight, below.) The format – the public writes in with questions and the interviewee (your editor in this case) answers them in “real time” – was new to me. » Read Article

Too Busy to Read Ben Graham? Do This Instead…

Bill Bonner, Chairman, Bonner & Partners, September 11, 2014

Dear Diary, Still nothing much to write home about on Wall Street. No big selloff. No big boom. It’s late summer. US stocks are high and mama’s good lookin’… When we left off our series yesterday, we had run through the basics of the Efficient Market Hypothesis (EMH)… the reasons it is flawed… and how you can benefit from other investors’ mistakes. Just do the math. When a stock is worth more than the market price, sell. When it is » Read Article

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