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Bill Bonner

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Is an American author of books and articles on economic and financial subjects. He is the founder and president of Agora Publishing, and author of the daily financial column, Diary of a Rogue Economist.

Bill Bonner's Diary - POITOU, FRANCE – George Washington: What an imbecile! He owned 317 slaves. Couldn’t he see that slavery was bad? Jefferson, too. And Madison. And Monroe. Jackson. Van Buren. Tyler. Harrison. Polk. Taylor. Johnson. And Ulysses S. Grant. Didn’t they smell the squalor of the slave quarters and hear Simon Legree’s whip in the fields? Didn’t […]

August 17th, 2017 | Trump Takes a Beating

Bill Bonner's Diary - POITOU, FRANCE – In professional wrestling, scriptwriters always include what they call a “Holy Sh*t!” moment. That’s when one of the stars takes a hit so brutal or so fantastic that the fans yell: “Holy sh*t!” Donald J. Trump, a wrasslin’ fan, took a “Holy Sh*t!” blow on Tuesday. — Jerks and Jackasses We will […]

August 16th, 2017 | Johnny Reb Was No Terrorist

Bill Bonner's Diary - POITOU, FRANCE – St. Augustine blamed the fall of Rome on the failure of its pagan gods. Historian Edward Gibbon took the opposite view: He thought the empire had been weakened by Augustine’s god. Here at the Diary, we take no position on what brought down Rome. But we have some ideas about which gods will […]

Bill Bonner's Diary - POITOU, FRANCE – This week, we are talking about the perishable nature of gods. Yesterday, the city fathers of our hometown of Baltimore let it be known that it was time to toss out the old deities. Reports the Associated Press: After violence erupted in Charlottesville, Virginia over the weekend in response to the city’s plan […]

August 14th, 2017 | Where the Old Gods Went

Bill Bonner's Diary - POITOU, FRANCE – First, let us begin with an echo from last week… “Hey, Dad, bitcoin went over $4,000 yesterday. An all-time high. I made another $20,000. Not bad.” Pride goeth before a fall, of course. Profits go before losses. And marriage front-runs marriage counseling. We have faith in ourselves, our institutions, and our gods. […]

August 11th, 2017 | Why I’m Sticking With Gold

Bill Bonner's Diary - POITOU, FRANCE – Our in-house expert left us this morning; we have no update on his cryptocurrency speculations. He and his family boarded the 6:22 train to Paris, en route back to Florida. About a half hour after we had taken them to the station, the phone rang: “Uh… Dad… the train has stopped. They’re saying […]

August 10th, 2017 | Why Bitcoin Soars

Bill Bonner's Diary - POITOU, FRANCE – “It doesn’t seem real to me.” A cousin, visiting from Maryland, probably spoke for millions of people. The subject was bitcoin. And he was right. It’s not “real” in a traditional sense. You can’t touch it. You can’t see it. You can’t stack it up and count it out. You can’t put […]

Bill Bonner's Diary - And it’s time, time, time And it’s time, time, time It’s time, time, time that you love And it’s time, time, time… – Tom Waits POITOU, FRANCE – “So how much did you make last night?” “We made about $15,000,” came the reply from our eldest son, a keen cryptocurrency investor. “Bitcoin briefly pierced the […]

Bill Bonner's Diary - POITOU, FRANCE – “Dad, last week I made another $20,000 off that NEO cryptocurrency I bought. “And last night, I made another $5,000 on my other cryptocurrency investments.” Our in-house crypto expert was either boasting or pulling our leg; we weren’t sure which. — Stumbling Toward Tomorrow “I bought into NEO with just $2,000. I’ve […]

Bill Bonner's Diary - And it’s time, time, time And it’s time, time, time It’s time, time, time that you love And it’s time, time, time… – Tom Waits POITOU, FRANCE – “You cut that crooked.” “No, I didn’t. The wall is crooked.” “No, you cut it crooked.” Damien insisted that his boss had made a mistake. Not one […]

Bill Bonner's Diary - POITOU, FRANCE ­– Barely two weeks ago, 2,117 people took Chile’s medical licensing exam. What was noteworthy about this year’s test was that more than one-third of the people taking it were not Chilean. Nearly 800 of them were Venezuelans. This is just one indication of what is happening in Venezuela – everybody is leaving. […]

Bill Bonner's Diary - POITOU, FRANCE – This is getting monotonous. Another day, another record high for the Dow… now above the 22,000-point mark for the first time in history. And based on the CAPE ratio – a valuation measure that compares stock prices to the average of the past 10 years of inflation-adjusted earnings – the S&P 500 […]

Bill Bonner's Diary - POITOU, FRANCE – Guess what U.S. stocks did yesterday… They went up, of course. Just like they always do. Some people have expressed wonder… and doubt… that the equity value of America’s businesses can increase so much even while national leadership is in so much disarray. Republicans can’t work with Democrats. Democrats can’t work with […]

August 1st, 2017 | Goodbye, Mr. Scaramucci

Bill Bonner's Diary - The] thing I have learned about these people in Washington is they have no money. So what happens when they have no f*****g money is they write about what seat they are in and what the title is. F*****g congressmen act like that. They are f*****g jackasses. – Anthony Scaramucci POITOU, FRANCE – Goodbye, Mr. […]

Bill Bonner's Diary - POITOU, FRANCE – This weekend, we celebrated the oldest win-win deal in human life: marriage. On Saturday afternoon, we drove 10 miles or so to Le Dorat. The medieval town sits on a hill in the green Limousin countryside, with the remnants of a defensive wall still along the western side. The town sits on […]

Bill Bonner's Diary - POITOU, FRANCE – Today, we wrap up another week. The Senate failed again to pass even a “skinny” repeal of Obamacare (which left most of the program in place… and most people subject to its quack finance) after three senators defected. The new White House communications director, Anthony “The Mooch” Scaramucci, called President Trump’s chief […]

Bill Bonner's Diary - POITOU, FRANCE – This just in from the Bonner & Partners research department… A further update on the Doom Index: Building permits – a leading housing-market indicator – for the second quarter were down about 3%. That adds another Doom Point and pushes the index up to a 7 – our “extreme warning” level. The Crash […]

Bill Bonner's Diary - POITOU, FRANCE – The Dow rose another 100 points yesterday. Can anything stop this bull market? At least we know the answer to that question: Yes. When? Longtime Diary sufferers know better than to trust our market timing advice. So rather than rely on our instincts, the Bonner & Partners research department has developed a Doom Index to guide […]

July 25th, 2017 | Trump Is No Outsider

Bill Bonner's Diary - LAUSANNE, SWITZERLAND – One of the most remarkable conversations on finance we’ve ever had happened here in Lausanne yesterday. “You mean it costs as much to put money on deposit at a bank as it does to borrow it?” We asked the question to a colleague who recently bought a house here. He borrowed the […]

Bill Bonner's Diary - LAUSANNE, SWITZERLAND – The Trump team welcomed its newest member over the weekend. Henceforth, communications will be controlled by Goldman Sachs alum Anthony Scaramucci, aka “The Mooch.” This brings to five the number of Deep Staters from Goldman Sachs dominating the administration – Gary Cohn, Steven Mnuchin, Dina Powell, Steve Bannon, and now another King […]

July 21st, 2017 | A Warning From the Future

Bill Bonner's Diary - POITOU, FRANCE – A young man drove up yesterday. Shaved head. Earring. Nice car. Sad look. “Monsieur Bonner?” After the introductions, he got down to business. “Damien [our gardener] told me you were looking for chickens. I’ve got about 10 of them I’d like to get rid of.” “Why do you want to get rid […]

Bill Bonner's Diary - POITOU, FRANCE – “My father told me to plant trees,” said a neighbor last night. “It was right after I bought this place. Of course, I was young… I was busy… I didn’t have time to plant trees. “Now, I tell my sons to plant trees while they’re still young. So they can enjoy them […]

Bill Bonner's Diary - POITOU, FRANCE – Sound the alarm. Take your money off the table. Pack your socks and your passport. There’s going to be trouble. The Washington Post reports: “Steven Mnuchin, Trump’s treasury secretary, is hurtling toward his first fiasco.” Republicans have majorities in both houses of Congress. Yet they cannot do the one thing they all agreed they […]

Bill Bonner's Diary - POITOU, FRANCE – “GOP reeling after healthcare collapse,” reads a headline on a political website. From The Hill: Republicans offered competing ideas for what to do next on healthcare Monday night, now that the current ObamaCare replacement effort has fallen apart. Senate Majority Leader Mitch McConnell acknowledged late Monday that the chamber’s current approach would fail […]

Bill Bonner's Diary - POITOU, FRANCE – President Trump implies that America isn’t so great anymore. He was in Paris last week and dined with French President Emmanuel Macron in the Eiffel Tower. Jamie Dimon, head of JPMorgan Chase, is fresh from an overseas trip, too. He told reporters that being an American abroad was “almost an embarrassment.” Wait […]
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