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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 - PORTLAW, IRELAND – Last night, we drove over to the harbor town of Dungarvan for dinner. The Irish countryside was idyllic – with rolling hills, forests, and hayfields. Then, arriving at Dungarvan, we saw the Atlantic shining in the distance. Down at the harbor, the tide was out. Boats lay in the mud on their […]

Bill Bonner's Diary - And perhaps you’re alive And perhaps you’re dead Hoo ha ha Hoo ha ha HOO HOO HOO KNOCK KNOCK KNOCK KNOCK KNOCK KNOCK KNOCK KNOCK KNOCK – “Fragment of an Agon,” T.S. Eliot PORTLAW, IRELAND – We’ve always wanted to quote the lines above. But we never had the right occasion. Perhaps this is it. […]

Bill Bonner's Diary - DUBLIN – Oil fell below $43 yesterday. Brick-and-mortar retailers are being emptied. The auto industry – including $1.2 trillion in auto debt – is stalling. Meanwhile, restaurants are having trouble filling their tables. Consumers aren’t buying, perhaps because their incomes have gone approximately nowhere for decades. House ownership is at its lowest level in half […]

June 20th, 2017 | Is Trump a Modern Caesar?

Bill Bonner's Diary - Mayor: Drebin, I don’t want any more trouble like you had last year on the South Side. Understand? That’s my policy. Drebin: Yes. Well, when I see five weirdos dressed in togas stabbing a guy in the middle of the park in full view of 100 people, I shoot the bastards. That’s my policy. Mayor: […]

Bill Bonner's Diary - DUBLIN – Poor David Bonderman. He said the wrong thing. He should be ashamed of himself. We’ll come back to him in a minute… Stroll Through the Park In the meantime, if you want to enjoy summertime as it should be, take a walk through St. Stephen’s Green in Dublin on a sunny day in […]

Bill Bonner's Diary - LONDON – Illinois is in trouble. It has $14.6 billion in unpaid bills… not including a pension liability of $130 billion. The state is running a $6 billion deficit, and its government is dysfunctional, operating without a budget for two years. Illinois is America’s first failed state. Our guess is that it won’t be the […]

Bill Bonner's Diary - LONDON – It was warm and sunny when we landed in London yesterday. Britain sometimes gets only a few weeks of summer. People rush out into the streets to celebrate, knowing that the very same rose that blooms today may be dying tomorrow. Big Bang London is not Baltimore. It is big, wealthy, and full […]

June 13th, 2017 | Bitcoin at $10,000?

Bill Bonner's Diary - BALTIMORE – We live in an age of miracles. With some paradox and claptrap thrown in for good measure. Over the last four years, almost all the stock market gains in the U.S. came from just five technology stocks – Facebook, Apple, Microsoft, Amazon, and Google. Those five have tripled in value since 2012. In […]

Bill Bonner's Diary - BALTIMORE – We’re trying to avoid distractions. What is really going on, we wonder? What is really important, we ask? Donald J. Trump came to Washington, D.C., promising to “drain the swamp.” Instead, the swamp is draining him. The media entangles him in fake news kudzu. Establishment bugs nip away at him like mosquitoes at […]

Bill Bonner's Diary - BALTIMORE – The public spectacle in Washington took center stage yesterday. It is a much-hyped battle between two mountebanks, each backed by armies of scoundrels and scammers. But it is best understood as a political version of professional wraslin’. Each side with its clownish hero. Neither side is what it pretends to be. But each […]

Bill Bonner's Diary - BALTIMORE, MARYLAND – Yesterday, we connected a couple of dots… “Think tanks” think about what they’re paid to think about. Who pays them? The people who have the resources to bend public policies in their direction. Who are those people? The elite. The insiders. The foxes. The Establishment. The Deep State. They are the ones […]

Bill Bonner's Diary - WEST RIVER, MARYLAND – We’re back at our post – watching… reading… trying to connect the dots. And we begin by asking: What do “think tanks” think about? The answer in a minute… “Russiagate” First, there is a dustup in the Washington, D.C., area. “Russiagate,” it is called. As near as we can make out, […]

Bill Bonner's Diary - A personal note. Many thanks to those who agreed to try our wine. We ran out quickly. Apologies to those who were unable to get any. Next year, we will have fewer bottles; a frost wiped out half our crop. But if you missed it this year, we will give you first dibs! Also, thanks […]

Bill Bonner's Diary - GUALFIN, ARGENTINA – Now comes a report from the Financial Times that tells us the nation’s No. 1 industry – homebuilding – has been backing up for a quarter of a century. According to the newspaper, U.S. homebuilders “started work on the same number of houses in the past year as they did a quarter […]

Bill Bonner's Diary - GUALFIN, ARGENTINA – You already know about our ranch here in Argentina. No, it is not very productive or practical. It is too far, too high, and too dry. It is marginal in almost every way. The cows are too thin (they don’t have enough grass). There’s not enough water in the seasonal rivers to […]

Bill Bonner's Diary - GUALFIN, ARGENTINA – Yesterday, an amazing storm blew up. The wind gusted up so much dust, we could barely see 10 feet in front of us. Dark clouds rushed overhead. Rain… rain!… came down in drops the size of coffee cups. Up in the mountains, light snow covered the peaks. Cozy Valley The storm swept […]

May 25th, 2017 | Gold Beats Buffett

Bill Bonner's Diary - GUALFIN, ARGENTINA – We’re taking the doctor’s orders; 9,000 feet above sea level just doesn’t seem to work for us. So we moved down to the tiny casita we built near the vineyard, 1,000 feet lower. We spend the night there and commute back to the main house in the morning. New Adventure The casita […]

Bill Bonner's Diary - GUALFIN, ARGENTINA – “What business school did you go to?” We were joking, of course. But the two young men needed an alternative point of view. In the course of getting their MBAs in Chicago, they had picked up some bad ideas about investing. “Shouldn’t we just buy a low-cost ETF that tracks the S&P […]

Bill Bonner's Diary - GUALFIN, ARGENTINA – Have you ever wondered what you would do if you had a health emergency in a remote location? We never thought about it… until last week. Then we found out. Place at the End Up at the ranch… five hours from the nearest emergency room… your editor began having symptoms of what […]

Bill Bonner's Diary - GUALFIN, ARGENTINA – Today, we look at what is going on in Venezuela. For amusement as well as for instruction. As long-term Diary readers know, we are connoisseurs of financial disaster. In Venezuela in 2017, we think we see an especially good vintage. But before we get to that, we introduce our Doom Index. — […]

May 19th, 2017 | Ambushed by Originarios

Bill Bonner's Diary - GUALFIN, ARGENTINA – We rode out to one of the high valleys on Sunday. Leading the way were the ranch foreman, Gustavo, and his son, Agostín. Agostín is 10 years old. But he is already a gaucho – sure of himself on a horse… unafraid of the cows… ready to work from sunup to sundown, […]

Bill Bonner's Diary - GUALFIN, ARGENTINA – Yesterday, stocks fell. And volatility shot up. Reports Bloomberg: The Dow Jones Industrial Average tumbled more than 370 points, Treasuries rallied the most since July and volatility spiked higher as the turmoil surrounding the Trump administration roiled financial markets around the globe. Major U.S. stock indexes tumbled the most in eight months, […]

Bill Bonner's Diary - GUALFIN, ARGENTINA – The Dow was flat yesterday. Investors must have been distracted by the latest tempest in the Washington teapot. Did President Trump say something he shouldn’t have? He told the Russians that terrorists were trying to make bombs out of laptop computers. No kidding! Trump was careful to get the gunmen and the […]

Bill Bonner's Diary - GUALFIN, ARGENTINA – Two very different things happened over the weekend. They are connected in a telling way. First, hackers hit some 200,000 computers in 150 countries with “ransomware.” Second, we received a summons to appear before a mandatory “mediation” with the “Diaguita community” – a group claiming indigenous rights that is trying to take […]

Bill Bonner's Diary - GUALFIN, ARGENTINA – “The U.S. Economy Is Back on Track,” read a Bloomberg headline over the weekend. Apparently, inflation and consumer spending picked up last month. We are so glad to hear it. And last week, New York Fed President William Dudley said the U.S. central bank might begin lightening its load of bonds this […]
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