Bill Bonner

The Solemn Fantasy of Modern Democracy

Nov 5, 2014
Dear Diary, Not much action in stocks or gold yesterday. Americans were busy at the polls... participating in the solemn fantasy of modern democratic government. About 60% of citizens who were eligible to vote in the midterm elections stayed away from the polling stations. The rest wasted their time standing in line and giving their ballots to the usual...

“Hi, This Is Michelle Obama…”

Nov 4, 2014

Dear Diary, "Hi, this is Michelle Obama..." You hear the most amazing things on the streets of Baltimore. On...

This Is Monumentally Absurd…

Nov 3, 2014

Dear Diary, The Dow jumped another 195 points on Friday. What do you think? Was that because the economy...

The Biggest Financial Heist in History

Oct 31, 2014

Dear Diary, If Mr. Market is afraid, he is putting on a brave face. The Fed's QE ended on...

More Bad Ideas Than a Speech by Hillary Clinton

Oct 30, 2014

Dear Diary, The Fed's QE isn't dead. But it's off the job. For now. ZIRP (zero-interest-rate policy) is still...

The Surprising Reason QE Lives On

Oct 29, 2014

Dear Diary, QE, we hardly knew ye... Hang the black crepe. Get out the whiskey. Say goodbye. And try...

Who Really Controls Our Democracy?

Oct 28, 2014

An old friend responds to our recent comments about war: "I can tell you that I fully agree with...