Bill Bonner's Diary


Are you a Zombie?

"It was unbelievable," said a colleague, encountering the complexity of modern life. "My son got arrested for having a marijuana cigarette on him. I had to go to court with him. "First, the judge seemed to know the whole thing was a farce. She looked down at my son and the other kids who were at the same party...

One of the All-Time Greatest Investment Myths Exposed

Dear Diary, Let's begin with a quote in Latin. That will put us in the right mood – reaching for the eternal verities: Fere libenter homines id quod volunt credunt. That was penned by Julius Caesar in De Bello Gallico, his account of the Roman conquest of Gaul. We didn't know what it meant either, until last night. In...

When the Money Runs Out… So Does the Empire

The Dow stabilized yesterday. Gold rose $22. In 2006, we wrote a book with Addison Wiggin called Empire of Debt: The Rise of an Epic Financial Crisis. The idea of the book was as follows: Empires are not the result of conscious thought; they happen when a group is large enough and powerful enough to impose itself on others....

Three Signs That NEVER Fail to Predict a Bear Market

Dear Diary, The Dow fell 139 points yesterday. Gold dropped $3 an ounce. It's too early to know if this is just a head fake... or the start of a bear market. Our old friend Mark Hulbert at the Hulbert Financial Digest thinks a bear market is developing. Citing the work of Hayes Martin of investment consulting firm Market...

Uh Oh… Look What’s Happening to Japan

Dear Diary, The Dow rose 75 points yesterday, after its battering last week. Gold fell $6 an ounce. Where does that leave us? It's too early to say that the selloff that started last week is over. And it's too late to say that it hasn't already begun. You'll recall that economist Richard Duncan advised us that "excess liquidity"...

The Fed’s Next Move

Dear Diary, Everybody is under pressure here. Elizabeth has planned a big party at our place in western France to welcome daughter Sophia and her husband, Ryan, into the local community. Two hundred people are scheduled to gather on the lawn. But what's this? We just checked the weather forecast; it's supposed to rain! Too late to get a...

The God-Like Vanity of Central Planners

There are those who believe they can make the right decision more right... or the poet more poetic. And although many of these snake-oil salesmen content themselves with a quick buck and the next train out of town, some of them go for the long con. These are the central planners. The illusions, mistakes and misconceptions of central planners...