Bill Bonner's Diary

The Phony Recovery

Not much action following the new Dow high. Not much follow-through. But no big breakdown, either. As near as we can tell, the Fed's EZ money has driven up stock prices. Investors expect more EZ money. So they think stocks will go up more.

Bill Bonner's Diary

Buffett to Bernanke: It’s Easier to Buy Than to Sell

The Dow rose another 48 points yesterday. Gold was up $24 per ounce. Nothing remarkable. Nothing illuminating, either. The...

Bill Bonner's Diary

The Real Threat to America (Is Not What You Think)

An extraordinary thing has happened... Thanks to the courage of severely depressed Americans, neither chance nor intention... neither the...

Bill Bonner's Diary

The Greatest Lie the Fed Ever Told

At the start of last week, it was widely reported that US central bankers had gone as far as...

Bill Bonner's Diary

The Greatest Wealth Transfer in History

Last night, six of us went out to dinner at one of the nicest restaurants in Salta. We ordered...

Bill Bonner's Diary

Fed Fail

Stocks and gold were slapped down yesterday. The Dow lost more than 130 points. Gold eked out a $10-per-ounce...

Bill Bonner's Diary

The End of the Road

US stocks are turning down this morning, following news that private-sector job growth in the US slowed the most...