Bill Bonner's Diary


Is This Emerging Market About to Be Hit by a ‘Perfect Storm?’

The Dow fell 52 points yesterday. Gold was up $26 an ounce. Good news? Bad news? Bad news as good news? Good news as bad news? Bad news as good news as bad news? GDP is growing faster than expected. So the Fed will taper, right? But GDP growth is largely an illusion because it is mostly unsold products...

Our Visit to Miss Brazil…

First, what are we doing in Sao Paolo? Two things... We're checking in with colleagues who are Brazilian stock market analysts. And we're visiting a candidate for Miss Brazil, who just happens to be a friend's cousin. We'll let you know more as things develop... Meanwhile, US stocks were flat yesterday. Gold rose $5 an ounce. Nothing significant in...

Is Good News Bad News for US Stocks?

Whoa! What a party! We're not talking about the surge on Wall Street at the end of last week. We're talking about a real party, right here in Charm City. The Dow rose 198 points on Friday, breaking a week-long losing streak. Gold was more or less flat. The interesting thing about the stock market was that it seemed...

Is Bad News Good News for US Stocks?

Whoa! What a party! We're not talking about the surge on Wall Street at the end of last week. We're talking about a real party, right here in Charm City. The Dow rose 198 points on Friday, breaking a week-long losing streak. Gold was more or less flat. The interesting thing about the stock market was that it seemed...

Crony Connections…

Oh, no! Now Barack Obama is on the case! First the pope. Now the president. The Dow fell again yesterday… down another 68 points. Gold fell, too – down $15 an ounce. Meanwhile, the president thinks income inequality will divert the public’s attention from Obamacare. USA Today has the story: "President Obama sought to revive the issue of growing...

Papal Fallibility

Uh oh! The new pope, Francis from the Pampas, has just warned us to beware the "tyranny of capitalism." Each man worships his own gods. Some worship at the altar of Jesus of Nazareth. Some at the altar of the Almighty Dollar. The capitalists don't bad-mouth Francis's god. You'd think he would cut them the same slack. Bad-mouthing...

Wanton Economic Vandalism

Dow down 94 points yesterday. Gold was flat. Yesterday, we drove out to the country. We had rented a mini-excavator over the weekend and needed to return it. It had gotten stuck in the ditch we were digging. So, a giant bulldozer had to be called onto the job to get it out. What were we doing with an...