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Bill Bonner’s Diary of a Rogue Economist


The Surprising Reason QE Lives On

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

Source: Pixabay Dear Diary, QE, we hardly knew ye… Hang the black crepe. Get out the whiskey. Say goodbye. And try to keep the tears from your eyes. The Dow rose back above 17,000 points yesterday, near its all-time high. Higher stock prices should settle nerves at the Fed’s FOMC meeting. It should leave the central bankers free to let their emergency bond-buying program die in peace. The Financial Times announced the end even before it happened. On Monday, its » Read Article

Who Really Controls Our Democracy?

Bill Bonner, Chairman, Bonner & Partners, October 28, 2014

Money trails. Source: Wikimedia Dear Diary, An old friend responds to our recent comments about war: I can tell you that I fully agree with your points about the war. It was particularly interesting to me to read your thoughts, as I was born and lived in Leningrad, where everyone remembered the blockade during 1941-1944.   When I was a teenager, I went to the famous Piskaryovskoye Memorial Cemetery, where, in a small museum, the Savicheva diary [the diary of » Read Article

George W. Obama

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

Source: Wikimedia Dear Diary, Among the many things still to be discovered is the effect of QE and ZIRP on the markets and the economy. We can’t wait to find out. The Fed has bought nearly $4 trillion of bonds over the last five years. You’re bound to get some kind of reaction to that kind of money. But what? Higher stocks? More GDP growth? Higher incomes? More inflation? Washington was hoping for a little more of everything. But all » Read Article

Inflating an Empire

Ben Potter, Contributing Editor, Classical Wisdom Weekly, October 25, 2014

Editor’s note: There have been mighty empires before the US empire rose up after the end of World War II. And those other empires have fallen… just as the US empire will. The keys to that coming collapse lie in the history of previous collapses. As you’ll learn in today’s Weekend Edition (from our friends at Classical Wisdom Weekly), inflation… the rise of a new and poorly understood enemy… and corrupt leaders brought the Western Roman Empire to its knees. » Read Article

Was Ottawa an “Act of War”? Don’t Make Us Laugh

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

Street of Ottawa, the capital of Canada. Source: Wikipedia Baltimore, Maryland Rode a tank, held a general’s rank When the blitzkrieg raged, and the bodies stank   – “Sympathy for the Devil,” The Rolling Stones Dear Diary, Yesterday, Canada was the latest nation in Christendom to come under attack. At least that was the way the Wall Street Journal put it. “Terror in Ottawa,” began the security industry’s chief shill: The Global War on Terror remains very much global. The » Read Article

Huge Upside in Gold Miners from Here?

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

Source: Wikipedia Dear Diary, There is nothing quite so satisfying as coming upon an overturned beer truck on a hot day. In the same spirit, today we gawk at the wreck of the gold miners. They are 70% cheaper than they were three years ago. And they are 25% cheaper than they were just two months ago. What a delight! Yesterday, the Dow fell 153 points. Gold lost $9 and came to rest at $1,242 an ounce. The yellow metal » Read Article

How the “Fed Boom” Ends

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

Source: Wikipedia Baltimore, Maryland You’ve got me turning up and turning down and turning in and turning ’round I’m turning Japanese I think I’m turning Japanese   – The Vapors Dear Diary, Are we all turning Japanese? For longtime Diary sufferers it’s a familiar question… We’ve been asking for almost 15 years – ever since we saw the US following in those Japanese footsteps, running from a big boom… to a big bust. It all started for us when we » Read Article

The Great Inflation Lie

Bill Bonner, Chairman, Bonner & Partners, October 21, 2014

Source: Wikimedia Dear Diary, That we live in an age of man-made wonders is beyond dispute. Painless root canals. Tinder. Central bank price controls. We were traveling hard over the last couple weeks. Somewhere along the way we picked up a cold, which dogged us from Vermont to Maryland’s Eastern Shore. But the security X-ray at Nashville International Airport seemed to finally knock it out. Global stocks have lost more than $3 trillion of their value so far this month. » Read Article

Poor Ron Paul…

Bill Bonner, Chairman, Bonner & Partners, October 20, 2014

Source: Wikimedia Dear Diary, Over the weekend, we were down in Nashville at the Stansberry Conference Series event, along with Ron Paul, Porter Stansberry, Jim Rickards and others. The question on the table: What’s ahead for the US? Ron Paul took up the question from a geopolitical angle. He told the crowd that the military-security industry had Congress in its pocket. As a result, we can expect more borrowing, more spending and more pointless and futile wars. They may be » Read Article

Get Ready for QE4

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

Source: Wikimedia Dear Diary, And how do you like that James Bullard? Stocks have barely begun to correct (the S&P 500 is down about 7% from its September high) and the St. Louis Fed president is already preparing for QE4. But where is the proof – from logic or experience – that QE pays off? It is a shame that quack philosophers, politicians and central bankers are not subject to penalty. After all, bridge builders and hedge fund managers suffer » Read Article

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