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 two bottles of good Laborum cabernet sauvignon. We had beefsteaks, dessert and coffee. The bill came to 1,058 Argentine pesos (about $200). Was that a lot... or a little?
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...

Bill Bonner's Diary

A World Without Distractions

The Dow and gold were up strongly yesterday. Gold is recovering well, moving from weak hands to stronger ones....

Bill Bonner's Diary

Too Tired to Think

On Sunday night, we returned from a two-day horseback trip up into the Argentine mountains. After 18 hours of...

Bill Bonner's Diary

The Grandest Larceny of All Time

Gold seems to be coming back fast. It rose $38 per ounce yesterday. Of course, the Fed's monetary meddling...

Bill Bonner's Diary

Time to Cash in Your Chips?

We don't like the looks of it... Advisors are too bullish. Investors are too complacent. The financial authorities are...