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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.

Armstrong Economics - QUESTION: Hello, I am having trouble understanding how capital flows into the US, which helped the Dow double from ’27-29 didn’t move the dollar. Instead, the dollar moved up abruptly when inflows collapsed. It doesn’t make sense to me. Can Marty cover this at the WEC or help me understand in an email or blog […]

Bill Bonner's Diary - YOUGHAL, IRELAND – Yesterday, the Federal Reserve did as expected, cutting its key lending rate by another 25 basis points (0.25%). This was not what the president was hoping for. Yahoo Finance: President Donald Trump on Wednesday harshly rebuked the Federal Reserve, accusing the central bank and Fed Chair Jerome Powell of having no “guts” […]

Bill Bonner's Diary - YOUGHAL, IRELAND – We’re exploring the old adage: What goes around comes around. And what we see coming around almost everywhere is inflation. We make haste to explain that we’re not talking about common consumer price inflation, but about inflation of the money supply, which could show up almost anywhere. More Fake Money In the […]

Bill Bonner's Diary - YOUGHAL, IRELAND – This week, we’ve been working our way down the very short list of things we think we know. At first glance, our second lesson, described yesterday, does not seem very helpful. “Nobody knows anything,” may be Gospel Truth. But it doesn’t tell you what movie to watch or what stock to buy. Still, […]

Bill Bonner's Diary - YOUGHAL, IRELAND – The ferry from Cherbourg was calm, almost eerily silent all the way to Dublin. Truck drivers sat drinking their beer. Retired couples collected their trays and ate their dinners. Some chatted in French. A few spoke Polish with the ship’s crew. Most were Irish, speaking with each other softly. It was nothing […]

Bill Bonner's Diary - The mills of the gods grind slowly, but they grind small. – Sextus Empiricus POITOU, FRANCE – The year moves ahead. Here in France, leaves are already beginning to dry, curl, and fall to the ground. A gentle breeze shuffles them along, driving them into corners and under bushes. Last night was cold. We were […]

Bill Bonner's Diary - Something is rotten in the state of Denmark. – William Shakespeare, Hamlet POITOU, FRANCE – Every week, we reach new heights of weirdness: …the worldwide total of debt trading at negative interest rates rose to $17 trillion… …nearly 15% of S&P 500 companies no longer earn enough money to even cover the interest on their loans… […]

Bill Bonner's Diary - One day, the China trade imbalance is such a national emergency that you’re willing to disrupt hundreds of billions in world trade and risk a global recession to set it right. The next, you call it off because it might interfere with the Christmas shopping season. That was the big news yesterday. Once again, Trump […]

Bill Bonner's Diary - POITOU, FRANCE – Yesterday, stocks traded down. Investors are getting spooked by high bond prices (low yields). MarketWatch: The yield for the longest-dated Treasury bond is now a hair’s breadth away from plumbing its lowest level in history. Investors said the $22 trillion U.S. government debt market was now approaching this key milestone on a […]

Bill Bonner's Diary - POITOU, FRANCE – Watch out, Dear Reader, this could be a tough week for investors. Investor’s Business Daily reports: Dow Jones futures sold off sharply Sunday night, along with S&P 500 futures and Nasdaq futures, as China’s yuan tumbled to a record low. That follows a tough week for the current stock market rally as new […]

Bill Bonner's Diary -   PARIS – Oh boy… Paris is in for a real scorcher. The temperature is rising… and is expected to crest at 108 degrees on Thursday, a new record. Tourists wilt. The streets are empty. Shutters are closed against the sun during the day… and open wide for whatever cool air the night offers. We’re […]

Bill Bonner's Diary - YOUGHAL, IRELAND – Once again, a beautiful summer day here in Ireland. But we have no time to smell the flowers. It’s Inflate or Die, the new era that began, more or less officially, in May of this year. It was then that the Fed abandoned any pretense of sensible monetary policy and looked for […]

Bill Bonner's Diary - In this hard world we have to earn before we spend. – John James Cowperthwaite, British civil servant and former financial secretary of Hong Kong YOUGHAL, IRELAND – The week is ending as it began, with a cacophony of numbskulls. Yesterday, one of them – speaking to his empty-headed brethren – gave out more wrong-headed, […]

Bill Bonner's Diary -   DUBLIN – Our little galaxy pals were scratching their juicer heads. Negative rates… financialization… backasswards time, something from nothing… They are affronts to God and Nature… breaches of the laws of physics and the universe… and invitations to economic catastrophe. Why would anyone believe they could stimulate an economy with fake money? Or that a small […]

Bill Bonner's Diary - YOUGHAL, IRELAND – It’s a beautiful day here in Ireland. People are out and about, wearing shorts and T-shirts. “This is an Irish summer,” a carpenter explained. Sunny skies. Flowers in bloom. Top temperature: 66 degrees. Construction Site We moved into our house a week ago. But it is still a construction site. Every morning […]

Bill Bonner's Diary - PORTLAW, IRELAND – Yesterday, once again, the Dow rose in the morning – on news that a deal with China was 90% done – and fell later, as investors realized that they couldn’t believe anything that came out of Washington. Meanwhile, the president of the United States of America says he’d rather have a European […]

Bill Bonner's Diary - DUBAI – “What do people do here?” we asked a local. “Well, they go out to dinner. And they go shopping. We have the nicest malls in the world.” The whole city depends on air-conditioning. Without it, it would be uninhabitable… like Antarctica. Or West Baltimore. Yes, there were people here before AC was invented, […]

Bill Bonner's Diary - YOUGHAL, IRELAND – Two newsworthy things happened on Friday. As to the first, we were right after all. Mr. Trump isn’t going “Full Retard” in his trade war. At least, not with Mexico. His dramatic declaration of an escalating tariff… until the flow of illegal immigrants “STOPS”… must have been just another of the showman’s […]

Bill Bonner's Diary - DUBLIN, IRELAND – Stocks couldn’t decide where to go yesterday. Up? Down? So, they went nowhere. Nowhere is about as good as it gets in this market. Because signs of an impending slowdown are arriving in the news every day. The latest item was a sharp drop in the Purchasing Managers’ Index (PMI), which measures […]

Bill Bonner's Diary - YOUGHAL, IRELAND – There are three important decisions in life: What you do… with whom you do it… and where you do it. What. Who. Where. Keep it simple. And you only have a limited amount of time; you want to make sure you get those basics right. Otherwise, you arrive as one of those […]

Bill Bonner's Diary - LONDON – We first came to London a half-century ago. Back then, the city was tired and drab. We stayed in a hotel, where we had to put coins in a heater to get any warmth and use the bathroom down the hall. Now, London is a different city, full of young people, energy, and […]

Bill Bonner's Diary - PARIS – Wall Street continued its recovery yesterday, the Dow rising 116 points. Investors believe – as we do – that the trade war will blow over… or at least calm down into tweety skirmishes. The Donald himself is already backing off, calling it only a “squabble.” The Trump administration also signaled that it would […]

Bill Bonner's Diary - PARIS – Wall Street continued its recovery yesterday, the Dow rising 116 points. Investors believe – as we do – that the trade war will blow over… or at least calm down into tweety skirmishes. The Donald himself is already backing off, calling it only a “squabble.” The Trump administration also signaled that it would […]

Bill Bonner's Diary - In the fire of spring Your winter garment of repentance fling: The bird of time has but a little way To flutter – And the bird is on the wing. – Omar Khayyám, Rubáiyát PARIS – We are sitting at a sidewalk café in the 7th arrondissement. The sun is shining. People come and go; endless streams from the […]

Bill Bonner's Diary - YOUGHAL, IRELAND – We bet that Trump would never go full retard in his trade war with China. Were we wrong? Maybe.   Out of the Money Last week, our no-real-trade-war bet was moving further and further out of the money. Team Trump didn’t yet go full retard, but – raising tariffs on $200 billion of Chinese […]
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