Bill Bonner's Diary


Extremely Normal

Dow flat. Gold flat. Everything flat in preparation for Thanksgiving. “Thanksgiving is probably the most important American holiday,” we explained to our Australian visitor. “People travel to be with their families. Everybody looks forward to it. You don’t have to decorate. There’s no music associated with it. No religious doctrines. There’s no pressure to shop for presents… and no...

Stag-Nation?

Gold flat. Dow flat. What’s not flat? Our friend Hugh Hendry. He’s either up or down. No flatness for Hugh. Hugh – who runs London-based hedge fund Eclectica Asset Management – has been among the most bearish of bears. But now he’s become the most bullish of bulls. Eclectica is losing money. Reluctantly, Hugh has capitulated in dramatic fashion....

America’s New Growth Sector: Poverty

“Don’t bother coming to the US this week,” we told a colleague in Britain. “Hanukkah begins on Tuesday. Thanksgiving is on Thursday. Then everyone goes shopping. The week will be a total loss from a business standpoint.” But this is a big week for retail. It’s the start of the holiday season. Americans will “shop until they drop.” Or...

The Cryptocurrency Revolution

The Dow closed over 16,000 yesterday. Glory hallelujah! Onwards and upwards…from now and for all eternity. Oh, dear reader, tears came to our eyes as the bell rang and we reflected on the majestic delusion that drives stocks higher and higher, day after day, to some breathtaking pinnacle. Thirteen years ago, the value of America’s capital stock – as...

How I Explained Bitcoin to My 94-Year-Old Mother

The Dow fell yesterday. Gold too. But at least Tim Geithner has found a job. Now, he can give up the food stamps… and get off the unemployment rolls. The cronies are taking back one of their own. He’s back on Wall Street – at private equity firm Warburg Pincus. “When they approached me, they clearly wanted me to...

We’re On the Road

Not much activity in the markets yesterday. And not much to add from us. We spent the whole day traveling back from the Bonner & Partners Family Office second annual Family Wealth Forum at Rancho Santana in Nicaragua. We'll tell you more about that in upcoming issues of the Diary... So, let’s just pretend yesterday didn’t happen, okay? We’ll...

Paddywhacking

We begin with a retraction and an apology… We were shocked and appalled when we received the following email from a dear reader, accusing of us of paddywhackery. It began: I subscribe to Mr. Bonner's newsletter and was astounded to read the November 11, November 12 and November 13 (2013) editions. In all three editions, the Irish Culture was...