Bill Bonner's Diary

Bill Bonner’s Diary is the only daily newsletter that features the unique ideas of bestselling financial author Bill Bonner.
From Wall Street to Washington, Bill leaves no idol un-busted and no stone unturned.

End of the Gold Correction?

Once again, a lazy day on Wall Street. Dow down a little. Gold up a little. And bonds? It looks to us that the bond market has topped out. Some sovereign yields are up as much as 45% in the last three months. But we’ll have to wait to see – perhaps years – if […]

Was Adam Smith Wrong?

Investors are wilting. In these hot, hazy, humid days of summer, they are growing languid, squishy... and soft. They go to the beach. They think of other things. They read novels... or the mainstream press. Their brains turn to mush. There is little to report from yesterday's market action... which leaves us free to think about other things. What will we...

You Say You Want a Revolution

Is it a revolt?" Louis XVI asked the Duke de La Rochefoucauld. "No, sire, it is a revolution." We are already at the Ides of July. More than half of the year is already behind us. Friday, markets were flat. Neither gold nor stocks did anything worth reporting.

The End of the World As We Know It

Not much in the markets today to draw our attention. Other than another pronouncement by the Fed that it will remain "highly accommodative" for the so-called "foreseeable future." Then whither our thoughts? How about to the end of the world as we know it? This from The Wall Street Journal:

A New American Century?

Let's see. Where are we? Dow up 88 yesterday. Gold up $22. What's pushing up the Dow? A lot of chatter about a "new American century"... and an apparent recovery. You know our position: Recovery isn't possible. Drug addicts do not recover by taking more drugs. They may get high again... but that's a different story.

The End of Low Interest Rates

The Fed's EZ money policies will either succeed or fail. Either way, it will be a disaster. If they succeed, interest rates will rise... and America's debt-addicted economy will get the shakes. If they fail, the Fed will double down with further acts of reckless improvisation – including bigger doses of credit – until the whole thing blows up.