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.


Get Ready for Rising Interest Rates…

Up, down. Down, up. Yesterday, the Dow reversed recent declines. It rose 180 points. Gold, too, seems undecided as to what direction to take. It fell $14 an ounce. We'll carry on... trying to figure out what is really going on. The typical post-war boomer has lived with just one complete interest rate cycle. Rates hit a low after...

How the Fed Screws the Middle Class

Middle-class savers, for example, are penalized so that upper class bankers and speculators – no matter how greedy or reckless – can stay in business. Small businesses, too, are starved of the resources they need so that big businesses can continue making campaign contributions...

Say a Little Prayer for the Rich

Last week, we attended a conference for the 1%. "Everybody thinks the rich have such easy lives," said a psychologist and family therapist. "But you wouldn't want the lives that a lot of 1% have. They're often so cut off from meaning in their lives... from the warmth of normal relationships... and from the psychological rewards of just having...

Don’t Buy the Rally… or the Fed Hype

How about that? The Dow rose 207 points on Friday. Gold down $32 per ounce. What does it mean? It looks like the big surge continues. Stocks go up. Gold goes down. Our advice: Don't pay it any mind. It is like running through red lights. You do it once. Chances are nothing bad will happen. You do it...

Say “Bye-bye” to Bonds

Yesterday, the Dow bounced 80 points. Gold went up too – rising $17 per ounce. Our view is that the current bull market in bonds is coming to an end – sometime. The Fed can delay Mr. Market... it can divert him... it can distract him. But in the end, Mr. Market triumphs over Mr. Ben Bernanke. Does that...

Blocked up With Yucky Stuff

Yesterday, Mr. Bernanke's price-fixing scheme ran over a speed bump. The Dow dropped 216 points. Just a jolt, for now. The brick wall is still ahead. But we will try to give the devil his due. First, this from our own right-hand man, Chris Hunter (investment director for the Bonner & Partners Family Office) with a more generous assessment...

An Inconvenient Irony: QE Favors the Rich

Small businesses create new jobs and new wealth. But small business can't borrow at today's low rates. They're lucky if they can borrow at all. Instead, almost all the new credit goes to banks, big businesses and the government. In the normal course of investing, you win some and you lose some. That's what keeps the rich from always...