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Bill Bonner’s Diary of a Rogue Economist


Grow Your Way Out of Debt? Don’t Make Us Laugh…

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

Dear Diary, Janet Yellen made headlines yesterday. She promised the Fed would be “patient” in raising interest rates. Investors must not have known what she meant. With the Dow tearing more than 421 points – or 2.4% – higher, half of investors must have thought she meant higher rates later than expected. The other half must have thought she meant higher rates sooner than expected. Treasury bond prices fell. And the yield on the 10-year T-note completed its biggest two-day » Read Article

A Crash Course in Money (Part IV)

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

Source: flickr Dear Diary, The Dow rose 288 points yesterday, or 1.7%. Gold was flat, despite further dithering from the Fed on when it will raise interest rates. Last night, we dined with the head of the SEC. Actually, Ms. White dined at the table next to us. But it made us feel as though we were among the movers and shakers in the zombie capital. The Occidental Grill & Seafood is a landmark restaurant in D.C. For about $120, » Read Article

Bye-Bye, Shale-Oil Boom!

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

Source: Wikipedia Dear Diary, The days left to us in 2014 are dwindling to a precious few. It gets darker and darker. The Fed doesn’t seem to be able to do anything about it. Yesterday, the Dow fell another 112 points. Gold is stuck at under $1,200 an ounce. Less than a week from today: the shortest day in the Northern Hemisphere. Then Sol Invictus (“Unconquered Sun”) will have its day… growing day by day until June 21. But today » Read Article

Want to Know Who Really Runs the United States? Read On…

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

Source: Wikipedia Dear Diary, Dow down 99 points yesterday. Gold fell $28 an ounce – its fourth straight day of losses. Stock markets have been slipping all over the world, especially in Europe. But outside of Russia, and maybe Greece, so far there is no sign of real panic. That will come later. We’re spending this week in Washington, zombie watching. Yesterday, we spent the evening in the lobby of The Willard hotel. A choir sang carols. Hark the herald » Read Article

A Crash Course in Money (Part III)

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

Source: Pixabay Dear Diary, The Dow lost 315 points on Friday – a nearly 2% plunge. It is bound to happen sooner or later: US stocks will enter a bear market. Nothing can stop it. Nature and the gods command it. The Dow will fall as much as 1,000 points in a day. Then we’ll see if our analysis is correct… We believe the Fed will be unwilling to stand back and let markets be markets. We believe it will » Read Article

Your Burning Family Office Questions Answered

William Bonner, December 13, 2014

Editor’s note: As you may know, for a limited time we’re opening up provisional membership to our top-tier family wealth advisory, Bonner & Partners Family Office. (You can read the details of that offer here.) We realize our little family office project is unique. And we’ve gotten a lot of great questions about it from interested readers. You probably have your own questions… So today… Bonner & Partners Family Office executive director Will Bonner is sharing some of the answers » Read Article

A Crash Course in Money (Part II)

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

Source: flickr Dear Diary, A conversation in the hotel lobby… Woman – tall, thin, attractive: “Hey, you must be a writer. You look like a writer.” Your editor, hunched over his laptop writing… “Good guess.” Woman, putting her arm around his shoulders… “I’m Rebecca. What’s your name?” “Bill…” “What are you writing about?” “A subject so boring I wanna slit my wrists every day.” “What’s that?” “Economics.” “Oh…” “Well, what are you doing?” “We’re here with a group of Fortune » Read Article

A Crash Course on Money (Part I)

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

Source: flickr Dear Diary, The Dow fell 268 points yesterday. Gold lost $4 an ounce. Chris has more on what that means in today’s Market Insight. Today, we’re going to ignore the news. Instead, we will be giving you a crash course on money. Over the next few days, we’ll talk about what we know… or think we know… on the subject. Money has its digital side. In one sense, it is pure numbers… as boring and as predictable as » Read Article

Avoid This “Hideously Expensive” Market

Bill Bonner, Chairman, Bonner & Partners, December 10, 2014

Source: Wikimedia Dear Diary, The Dow plunged 51 points yesterday. Gold surged $37.10 – or 3.1% – to settle at $1,232 an ounce. The US stock market is “hideously expensive,” says value investor James Montier at Boston-based investment firm GMO. He’s not wrong about that. But we have a feeling it’s going to be even more hideous before this story reaches its end. When it is so hideous that to look upon it sends us running to a public toilet » Read Article

The Next Phase of QE Will Shock You

Bill Bonner, Chairman, Bonner & Partners, December 9, 2014

Source: flickr Dear Diary, It’s cold here in Manhattan. We’ve never lived in New York. And every previous visit had left us unenthusiastic. The city is not pretty… at least not compared to Paris. And Lower Manhattan always seemed gritty, dirty and unkempt. Like a homely man or a homeless woman. But a lot has changed. New York is now full of foreigners. Enter our hotel lobby and you hear a din of strange and familiar accents: English, French, Russian… » Read Article

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