Bill Bonner's Diary


What Do Bond Investors Know That Stock Investors Don’t?

Small gain for the Dow yesterday. Small loss for gold. Pity the class of '14! News comes that students are defaulting on their loans at an annual rate of 11%. We're surprised it isn't higher. Fewer than half of Americans aged between 18 and 29 have jobs. Even among college grads, nearly half are jobless or underemployed. Hardly surprising,...

Whores, Crack and Smack – How to Make the Economy Roar

The US economy didn't grow last quarter. Instead, it shrank at a 1% annualized rate. The numbers were revised downward at the end of last week. But who cares? We live in such a strange and exotic era. Threats of war... threats of recession... threats of twerking – it doesn't seem to matter what happens. As long as the...

6 Success Secrets of a $22-Billion Family

Gerard Mulliez is often called the Sam Walton of France. The Mulliez (pronounced Mool-yay) family got started in textile manufacturing 200 years ago. By the 1950s, the textile industry in France had collapsed. So, Gerard boldly took the family out of textiles and invested what was left of the family fortune in big-box retail stores. There are a surprising...

6 Success Secrets of a $22-Billion Family

Gerard Mulliez is often called the Sam Walton of France. The Mulliez (pronounced Mool-yay) family got started in textile manufacturing 200 years ago. By the 1950s, the textile industry in France had collapsed. So, Gerard boldly took the family out of textiles and invested what was left of the family fortune in big-box retail stores. There are a surprising...

The Housing Rebound Story Is a Fraud

The world is probably strange enough without the additional oddities provoked by the Federal Reserve. “Investors Return to Emerging World” was a headline in yesterday's Wall Street Journal. It told the story of how investors are “settling in for another ride in emerging markets.” India, Indonesia, Thailand – “money is flowing back into emerging markets at the fastest pace...

Why I Sued Washington 28 Years Ago…

No follow through in stocks... no bounce in gold. The S&P 500 is at an all-time high. Gold is approaching its low for this cycle. What useful information is there in this news? Probably none. So, we wrap our commencement address to the Class of '14 (You can find parts I, II and III here, here and here.) Note that...

To the Class of 2014: You’re “Screwed”

We're still on our commencement day address, where our callow graduates find out that they've been set up. (You can catch up with parts I and II of our address here and here.) Dear Class of '14: Except in the sciences and engineering, a college education may do more harm than good. As I explained yesterday, to be taught,...