Bill Bonner's Diary

Thanksgiving: A Unified National Myth

Editor’s Note: For Thanksgiving, Bill shares some little-known details around the American holiday. Dour Puritans… Thanksgiving during the Civil War… and Americans making pumpkin pie in Paris; you’ll find it all below in this holiday edition of the Diary. Thanksgiving was declared a national holiday in 1941 when FDR signed a bill officially establishing the […]

When This Happens, Buy Stocks

BALTIMORE, MARYLAND – Today will be an interesting day. After falling the last two days, stocks should bounce. And the futures market says they will. But now, we will see what the speculators are really thinking. Will they want to go away for a four-day holiday with the stocks they’re holding? Or will they want […]

FAANG: The New “Nifty Fifty”

BALTIMORE, MARYLAND – Mr. Market must have gotten up on the wrong side of the bed yesterday. CNBC reports: The Dow fell 395 points to 25,017. The S&P 500 dropped 1.7 percent to 2,690 as the technology sector pulled back 3.8 percent. The tech-heavy Nasdaq lagged, falling 3 percent to close at 7,028 as Amazon […]

Life Happens When You’re Away

Thy love afar is spite at home. – Ralph Waldo Emerson BALTIMORE, MARYLAND – Another week. This one should be slow… with many people off for Thanksgiving. But you never know. The old-timers say the days before a holiday are especially indicative of the market’s mood. Traders don’t like leaving themselves in danger while they’re […]

Sports Betting: Bigger Than Pot Stocks

Yesterday, I showed readers how the Supreme Court ushered in a new billion-dollar market of legal sports betting with its landmark ruling in May. Just to catch you up, the case revolved around something called the Professional and Amateur Sports Protection Act (PASPA). It outlawed sports betting across the U.S. The only exceptions were states […]

Central Banks Take Aim at Bitcoin

DUBLIN – We’re in Dublin… en route to the USA for the holidays. Dublin is a vibrant, lively city. Not especially elegant, unlike Paris… and not especially dynamic, unlike London… Nor is it especially huge and imposing, like New York or Chicago. Instead, it is a comfortable, charming, livable place… with many restaurants, hotels, and […]

Stagflation, Here We Come!

What I’ve learned at the Federal Reserve is a new language which is called “Fed speak.” You soon learn to mumble with great incoherence. – Former Federal Reserve chairman Alan Greenspan DUBLIN – Alan Greenspan is alive and well. Aged 92, he was on TV yesterday telling viewers that “unless they get control of the […]