Bill Bonner’s Diary of a Rogue Economist

This Country Will Be the Next Zimbabwe…

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

Source: Wikipedia Dear Diary, Things are slowing down. This is Thanksgiving week. People are leaving work early, trying to beat the holiday traffic rush. US stocks and gold were flat yesterday. We’re still in New York, taking care of business. Tomorrow, we’ll get an early start and head back down to Maryland. We have a lot of young men coming for the holiday – friends of our sons. Your correspondent does not like to see young men with idle hands. » Read Article

In Defense of Obamacare’s Jonathan Gruber

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

Source: Wikimedia Dear Diary, US stocks hit new highs last week. Gold fell back below the $1,200-an-ounce mark… …and MIT economics professor Jonathan Gruber came dangerously close to committing truth. The ancient Egyptians believed Pharaoh was divine. They called him a god. That gave him the right to tell people what to do. This belief persisted in ancient Rome. The Romans referred to the first Roman emperor, Augustus Caesar, as Divi Filius – “Son of the Divine.” Later, the emperor » Read Article

How to Win in the Stock Market by Losing

Dr. Steve Sjuggerud, Editor, True Wealth Systems, November 22, 2014

Editor’s note: Today… one of the most thought-provoking essays we’ve come across in a long time. It’s by Dr. Steve Sjuggerud, editor of the True Wealth Systems newsletter. Following an internal “audit” of his track record, Steve got confirmation that he had knocked the ball out of the park in terms of his compound annualized returns. He also found out that he had done so despite getting more trades wrong than right. How did he do it? It’s all in » Read Article

Mr. Gono, Are You on the Line?

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

Source: Wikipedia Dear Diary, The Dow is still pushing higher. Gold is back below $1,200 an ounce. The US economy appears stable. The stock market – which is supposed to know all, see all and understand nothing – tells us it is clear sailing ahead. We are fools to believe it; perhaps we are fools if we don’t. We can almost hear former governor of the Reserve Bank of Zimbabwe Gideon Gono’s phone ringing. He quiets his wives so he » Read Article

Kamikaze Finance

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

Source: Wikimedia Dear Diary, Not much market action yesterday. So, let us turn to what is bound to be the funniest… and scariest… story in the financial world. Once again, our hat is off to the stalwart, intrepid and half-mad Japanese. They are going where no respectable economist would go… no responsible public policy should go… and no one with his wits about him would want to go. We begin with the latest news: Nippon is in a slump. The » Read Article

The No. 1 Reason to Own Some Gold

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

Source: Wikimedia Dear Diary, Want to know the secret of success in today’s civilized world? Be civilized. More on that in one moment… First, we note that the Dow hit a new record high yesterday of 17,688, after rising 40 points. And gold is just a buck shy of the $1,200-an-ounce mark. It appears to have bottomed out. Time will tell. Remember that gold is not an investment. It is money – the best money. You keep some on hand; » Read Article

An “Owner’s Manual” for a Successful Life

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

  Source: flickr Dear Diary, The Dow rose 13 points yesterday. Gold jumped $18.40 to settle at $1,201.90. Nothing to get too excited about. So we return to “The Secret of Success.” The Battle of Rorke’s Drift was either a triumph for Western civilization or a bloody disaster, depending on how you look at it. The battle – which pitted British against Zulu – took place on January 22, 1879, in what is now South Africa. The Zulus vastly outnumbered » Read Article

Use This Secret to Be a Better Investor

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

Source: Wikipedia Dear Diary, We remind readers that we can’t reply directly to every piece of correspondence to the Diary. But we read everything that comes to us. We’d like to reply, but often we don’t have a good answer to the suggestions, questions and complaints that come our way. There are surely more things in heaven and earth than are dreamt of in our philosophy. If not, it’s a pretty sorry world. We report what we see… what we » Read Article

The Best Long-Term Stock Market Indicator I’ve Found…

Teeka Tiwari, Editor, Mega Trends Investing, November 15, 2014

Editor’s note: As you know, we’re wary of the US stock market at current valuations. But we like to keep an open mind. Which is why we persuaded former hedge fund manager Teeka Tiwari and editor of Mega Trends Investing to share his controversial thesis with Diary of a Rogue Economist readers. Even with the market near all-time highs, Teeka says the S&P 500 is about to launch a brand-new leg skyward…. and will keep pushing higher for another 14 » Read Article

Exactly When I’ll Buy Back into US stocks

Bill Bonner, Chairman, Bonner & Partners, November 14, 2014

Source: Wikipedia Dear Diary, The Dow posted another record high yesterday. Gold was flat. We began buying gold in the late 1990s, when it was still cheap. To illustrate just how cheap it was, for a brief moment in 1980 you could buy nearly all of the 30 Dow stocks for just 1 ounce. By 1999, the Dow had risen so high that you would have needed 43 ounces to perform the same trick. At this point, you could scarcely » Read Article

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