Bill Bonner’s Diary of a Rogue Economist

Weekend Edition: What Would You Like to Tell Your Great-Great-Grandchildren?

William Bonner, January 31, 2015

Source: staticflickr Editor’s Note: You’ve probably heard the phrase “shirtsleeves to shirtsleeves in three generations.” It describes how wealth earned in one generation tends to be lost by the third. This is a common phenomenon. And avoiding this fate is a core theme at the third annual Bonner & Partners Family Office Family Wealth Forum in Rancho Santana, Nicaragua, this weekend. So, how do you hold on to wealth you worked hard to earn? In today’s Weekend Edition Bill’s eldest son, » Read Article

Buckle Up! Accidents Ahead…

Bill Bonner, Chairman, Bonner & Partners, January 30, 2015

Source: Wikimedia Dear Diary, The Dow shot up 226 points yesterday, or 1.3%. A good turnaround. We don’t know whether US stock prices are going up or down. They usually go up and down. But we suspect they are going up and down even more. From Bloomberg: Equities trading has become more volatile amid signs that the plunging price of crude and a stronger dollar are eroding corporate profits. The S&P 500 dropped 1.4% Wednesday, bringing its slide this month » Read Article

Invasion of the “Zombie Crazies”

Bill Bonner, Chairman, Bonner & Partners, January 29, 2015

Source: wikimedia Dear Diary, Dow down 195 points yesterday – another 1%-plus move. Gold sank too – down $6.90 at last check to settle at $1,279 an ounce. With the European Central Bank in QE mode, stocks should be catching a bid. Instead, they seem to be following commodities – down. But who knows? The situation is so crazy that only a disabled person could understand it. ——Recommended Links—— BLOOD IN THE STREETS The stock market Mega-Bubble is exploding as » Read Article


Bill Bonner, Chairman, Bonner & Partners, January 28, 2015

Source: Pixabay Dear Diary, “You ran through a red light.” “No, I didn’t. It was yellow.” The police stopped us yesterday on the streets of Managua. Our driver, Carlos, argued his case. We were surprised by his aggressive response. It doesn’t generally pay to contradict the police. In the US, we are taught to keep our mouths shut. Then again, policemen in the US are armed. We’ll return to the scene in Managua in a minute… First, we mention that » Read Article

Greece Is Once Again a Victim of Democracy

Bill Bonner, Chairman, Bonner & Partners, January 27, 2015

Source: flickr Dear Diary, And then democracy comes into being after the poor have conquered their opponents, slaughtering some and banishing some, while to the remainder they give an equal share of freedom and power. – Socrates, Plato’s The Republic A snowstorm battered the East Coast of the US today. Politics rocked southern Europe. Sitting here on the edge of the beach, overlooking the Pacific Ocean, a gentle breeze stirring the trees… birds singing… surfers carrying their boards across the » Read Article

How Capitalism Dies

Bill Bonner, Chairman, Bonner & Partners, January 26, 2015

Dear Diary, Today, we’re going to tell you why America’s middle class is getting poorer. Or put another way, we’re going to show you how capitalism dies. The Dow fell 141 points, or 0.8%, on Friday. Gold closed the week below $1,300 an ounce… but not far below. Two comedy acts appeared last week: President Obama’s State of the Union address and Mario Draghi’s QE announcement. Mr. Obama claimed credit for a “recovery” that has left the typical American poorer » Read Article

Weekend Edition: The One Thing I’m Going to Teach My Kids About Investing

Porter Stansberry, January 24, 2015

  Source: pixabay Editor’s Note: There are plenty of good investing ideas… and plenty of solid investing strategies. But ideas and strategies come and go. They work for a time. And then they don’t. But what if there was one wealth secret so powerful, you could use all the time, for your entire life, as an investor? In today’s Weekend Edition, which first appeared in Daily Wealth, Stansberry Research founder and Stansberry Alpha editor Porter Stansberry reveals a secret so powerful » Read Article

Boom, Bust, Lies and Claptrap!

Bill Bonner, Chairman, Bonner & Partners, January 23, 2015

Source: wikimedia Dear Diary, Dow up big time – 259 points, or 1.5% Gold up too – to over $1,300 an ounce. This year is going to be a hoot. Boom, bust, lies and claptrap – we’re going to have it all! What accounts for yesterday’s big bullish surge? From Bloomberg: The MSCI Emerging Markets Index added 0.8% to 983.53. Russia’s dollar-denominated RTS Index rose the most in the world and the ruble strengthened as the ECB’s move encouraged investors » Read Article

The Latest Subprime Scam

Bill Bonner, Chairman, Bonner & Partners, January 22, 2015

Source: Wikimedia Dear Diary, The best things in life are free But you can keep them for the birds and bees Now give me money That’s what I want – “Money (That’s What I Want)” by Berry Gordy We have high hopes for 2015. It is starting off so well. Only three weeks in and we almost tore a stomach muscle laughing. So many unwitting comedians. So many political pratfalls and financial gags. No fraud or no foolishness is too » Read Article

The Most Important Phenomenon in Investing

Bill Bonner, Chairman, Bonner & Partners, January 21, 2015

Source: wikimedia Dear Diary, Investors returned from a three-day holiday and found stocks and gold right where they wanted them. Neither registered any change yesterday. So let’s return to the nuts and bolts of investing… Take a look at your portfolio. Imagine how much better off you’d be if all those 50%… 60%… 80% losses were removed. Unless you’re a true “deep value” investor, and happy to ride out these drawdowns, you could do that by using a trailing stop. » Read Article

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