Bill Bonner’s Diary of a Rogue Economist

What CNBC Isn’t Telling You About the End of QE

Bill Bonner, Chairman, Bonner & Partners, September 30, 2014

Source: Pixabay Dear Diary, The Dow was down a little yesterday. But it’s still above the 17,000 level. Gold was up a little. It’s still above the $1,200-an-ounce mark. We have been very wrong about US stocks. We did not expect them to go this high or stay this high for this long. So our opinion on what will happen next in the stock market is of doubtful value (at least to us). Still, our guess is that the stock » Read Article

The Single Worst Investment in America

Bill Bonner, Chairman, Bonner & Partners, September 29, 2014

The Bonner Family châteaux in France. Dear Diary, The Dow rose on Friday, after falling by more than 200 points the day before. This left us with little idea about where the stock market was going. Was it still going up? Or down? Mr. Market couldn’t seem to make up his mind. And now we’re beginning a new week. The leaves are turning. October begins the day after tomorrow. The sun sinks lower and lower in the noonday sky. And day » Read Article

What You Can Do in Your 60s to “Start Over”

Bill Bonner, Chairman, Bonner & Partners, September 27, 2014

Source: Pixabay Editor’s Note: With luck, you’ll have started a wealth-building plan in your 20s or 30s. But what if you’re in your 60s and you still haven’t built a comfortable nest egg? Is it possible to make up for lost time? It absolutely is, according to Bill’s longtime business partner and self-made multimillionaire Mark Ford. The following essay first appeared in Mark’s wealth-building advisory The Palm Beach Letter. Says Mark, “You may be feeling run-down and beaten-up, but your » Read Article

$60 Million for a Blow-Up Dog?

Bill Bonner, Chairman, Bonner & Partners, September 26, 2014

Shatura Power Station. Russia has the largest peat power capacity in the world. Source: Wikimedia Dear Diary, Talk about ringing a bell! This ring-a-ding-ding comes from the New York Observer: Sales of contemporary art at public auctions surpassed $2 billion for the first time last year, the Paris-based arts-data organization Artprice said. The report tallied auction sales between July 2013 and July 2014, and it found that contemporary art sales grew 40% from the previous year. The number of big-ticket items that sold for » Read Article

More Reasons NOT to Get Rich…

Bill Bonner, Chairman, Bonner & Partners, September 25, 2014

Source: Wikimedia Dear Diary, The Dow rose 154 points yesterday. Nothing to worry about there. So let us continue our series on “How to Get Rich” with a warning: It may not be such a good idea. This is why we’ve titled this first part “Homage to Poverty.” In it, we try to show you that: (1) you will find it hard to get rich at all if you are afraid of poverty, and (2) poverty isn’t really so bad, » Read Article

Why Have Corporate Insiders Turned Bearish?

Bill Bonner, Chairman, Bonner & Partners, September 24, 2014

Source: Wikimedia Dear Diary, Dow down 116 points yesterday. Why? Airstrikes against ISIS… Ebola… inversion crackdown… housing slowdown… record stock high prices… Alibaba? The smart money knows what to do. From Bloomberg: American companies have seldom spent more money than they are now buying back shares. The same can’t be said for their executives. A total of 7,181 insiders bought their own stock this year through Sept. 12 and 23,323 sold shares, according to data compiled by Bloomberg and Washington » Read Article

This “Wealth Confession” Will Probably Shock You

Bill Bonner, Chairman, Bonner & Partners, September 23, 2014

Source: Alan Cleaver Dear Diary, We’re on our way back to Baltimore from Florida. The Dow was down yesterday, but not alarmingly. Meanwhile, comes evidence that the dollar is doomed. It may get a boost in the short run from the euro zone’s ultra-low rates. But the writing is moving from the wall to the newspapers. From ZeroHedge: Russia’s prime minister, Dmitry Medvedev, told Rossiya TV in an interview earlier today, [that the BRICs] should conduct transactions in national currencies, » Read Article

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

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