Bill Bonner's Diary


Money Talks… BS Walks…

Another day. Another drop for the Dow. Gold up $19 an ounce. Is the US stock market finally rolling over? Has the magic spell of QE finally been broken? Maybe. Our “Crash Alert” flag, tattered and torn, still flies – just in case. Money talks. BS walks. Walking through the Fed for the last few years has been a...

What a Tangled Web We Weave…

First, let’s check the markets. The Dow fell 66 points yesterday. And gold sold off too – down $10 an ounce. In August, our hypothesis was that we would see falling US stock markets and rising gold prices as the dominant trends of fall. So far, we haven’t seen much in the way of trends at all.

If This Is Success, Then Give Us Failure!

The Dow fell 49 points yesterday. Gold fell $5 an ounce. Nothing proven one way or t’other. But the lack of follow through, after the Fed’s historic announcement last week, leaves us wondering: Have equity investors already priced in “QE Forever”? If so, is there nowhere left to go but down? We will leave that thought on the table…...

How to “Fed Proof” Your Wealth

Stocks settled down yesterday. The Dow dropped 40 points. Either the market had already priced in “QE forever”… or investors are starting to wonder. Maybe an economy with falling household incomes is not a good place to own stocks. Maybe an economy that is barely growing doesn’t justify the highest stock prices of all time. And maybe the Fed’s...

A Letter to Nancy Pelosi

As expected, Ben Bernanke is not going to taper in the final months of his term. Too risky. Instead, laissez les bons temps roulez...! The Dow jumped 144 points yesterday. And look at gold. It soared $56 an ounce yesterday. The newspapers are full of retrospectives on the Lehman Brothers bankruptcy and what it meant. We have an observation...


Always Look on the Bright Side…

Today, we continue our showdown with Gary Shilling, John Mauldin and Justice Litle (who responds to our case below). On one side: people who are looking on the bright side. In the other: your editor. On one side is a group of people – bright and well-meaning with facts and logic on their side. They say the US is...