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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.

December 14th, 2017 | How the Fake Boom Ends

Bill Bonner's Diary - RANCHO SANTANA, NICARAGUA – As we outlined yesterday, Americans are richer than ever. U.S. household assets stand at $97 trillion. All over the world, “wealth” is surging, too… with the value of global stocks near a record high of $100 trillion. But there’s a hitch: We allege that this wealth was built on fake money. If […]

December 13th, 2017 | Fed Begins its March to Doom

Bill Bonner's Diary - RANCHO SANTANA, NICARAGUA – This is a big day in Washington. First, the pols will welcome the new senator from the great state of Alabama. As every sentient being on the planet now knows, Roy Moore lost. Too bad his opponent couldn’t lose, too. Second, and more pregnant with mischief, Fed chief Janet Yellen will […]

December 12th, 2017 | Bitcoin: Just a Game

Bill Bonner's Diary - RANCHO SANTANA, NICARAGUA – Yesterday, we wrote about business as usual. Despite the sound and fury of the last 12 months, nothing much has changed.   —   Headed for Bankruptcy The U.S. is a little further advanced toward the final stages of becoming a degenerate empire. Saddled with the cost of keeping its legions all […]

Bill Bonner's Diary -   RANCHO SANTANA, NICARAGUA – The mainstream press seems obsessed by the harm being done to Americans… by foreigners. Specifically, it is alleged that the Ruskies interfered and thus tainted the otherwise pristine U.S. presidential elections. Iran and North Korea may attack on any day. And Mexico and China are stealing jobs and killing the […]

December 8th, 2017 | Why Economists Are Morons

Bill Bonner's Diary - BALTIMORE – This morning, bitcoin took a dive. From an all-time high of $17,899… it tumbled to $14,336 – a 20% fall. What a wild ride! Our theme this week includes a warning… a not-so-subtle memento mori for the financial world: Put on your seat belt! But today, we dig deeper to answer a question almost no […]

Bill Bonner's Diary - BALTIMORE – How ‘bout that bitcoin! It went up another $2,000 last night. Does it go down, too? We think we know the answer. But let’s look at more familiar ESPs. This week, we’ve been focusing on Extremely Simple Patterns, or ESPs. What’s an ESP? When you ask your wife if she’s gained weight, for example, […]

December 6th, 2017 | You Can’t Print Real Wealth

Bill Bonner's Diary - BALTIMORE – Bitcoin rose another $1,000 in the last 24 hours. Whoopee! And whoa… What’s going on? Yesterday, we described an Extremely Simple Pattern (ESP). You put “money” into an economy and prices float up. Take it away, and prices fall. Prices float on a sea of liquidity. Which prices rise depends on where the money […]

Bill Bonner's Diary - BALTIMORE – Are you rich yet? We hope so. Everybody else seems to be. The U.S. stock market is up more than 20% so far this year. Our country-specific stock portfolio is up about 30%. As we explained back in April, it’s a selection of the world’s worst-performing markets. Here’s how it works: We buy […]

Bill Bonner's Diary - BALTIMORE – “Don’t be absurd…” The distaff part of the family has a contrary opinion. It concerns the drift of our Diary last week. In short, she thinks we are talking nonsense.   New Aristocracy Long-term Diary sufferers know we often talk nonsense. Out motto is, “Sometimes right. Sometimes wrong. Always in doubt.” Last week, we weren’t sure which. […]

Bill Bonner's Diary - BALTIMORE – On Tuesday, we made $4,000 per hour when bitcoin rose. Then, on Wednesday, we lost $5,000 per hour when it fell. Whee! Look for an on-the-scene report from our in-house crypto expert below… In the meantime…   —   Last-Ditch Effort The top news story we’re following is the GOP tax bill in […]

Bill Bonner's Diary - BALTIMORE – Yesterday, we saw the soul of America. We drove by a house so imposing… so monstrously ugly… so laughably pretentious that we almost drove off the road staring at it. On a suburban lot, it was as though it had fallen off the delivery truck and rolled into place, with no thought as […]

Bill Bonner's Diary - BALTIMORE – Can you live well on Social Security alone? Yesterday, we told an old friend it was possible. But is it? It depends on what you mean by “living well.”   —   Rich and Poor Today, we lift anchor and unfurl the sails. We’re going to explore a faraway land. We catch a […]

November 27th, 2017 | Bitcoin: Headed to the Stars?

Bill Bonner's Diary - BALTIMORE – Bitcoin blew by another milestone. This morning, the world’s first cryptocurrency hit a new record of $9,680. It started off the year trading at just $997. “I can’t believe what happened,” said a friend. “I bought $1,000 worth in 2012. Bitcoin was trading at about $8 at the time. Then one of the […]

Bill Bonner's Diary - NEW YORK – “I’M WITH THE PERV,” screams today’s New York Post headline. The accompanying photos show Donald J. Trump and the accused child molester Roy Moore. There are those who despise the Alabama Senate candidate. And there are those who see him as their hope for the future of the nation. We promise to annoy both […]

Bill Bonner's Diary - NEW YORK – Salvator Mundi, said to be by Leonardo da Vinci, is the world’s most expensive painting. Last Wednesday, at auction, each square inch was valued at nearly $1 million – including the bummed-up, restored, and damaged parts. The painting may not be da Vinci’s work. Or perhaps, since it has been so heavily doctored […]

Bill Bonner's Diary - BALTIMORE – Have we been too cynical? Yesterday, the House passed its big tax-cut bill. The Dow popped up 187 points on the news. A reporter asked us later: “Will the Dow go to 40,000?” Assuming a tax bill comes through the Senate and out of committee in more or less the same shape, it […]

Bill Bonner's Diary - BALTIMORE – Have we been too cynical? Yesterday, the House passed its big tax-cut bill. The Dow popped up 187 points on the news. A reporter asked us later: “Will the Dow go to 40,000?” Assuming a tax bill comes through the Senate and out of committee in more or less the same shape, it […]

November 16th, 2017 | When the Robots Take Over

Bill Bonner's Diary - BALTIMORE – How about those techs! As Chris Lowe reported in yesterday’s Market Insight column, the eight most valuable tech companies in the world – Facebook, Apple, Amazon, Netflix, Google parent Alphabet, Baidu, Alibaba, and Tencent – have added $1.7 trillion in market value this year. That’s more than Canada’s entire economy. And it exceeds the […]

Bill Bonner's Diary - BALTIMORE – We were disappointed to see the pedestal… naked… forlorn… its statue gone… its purpose defunct. For more than a century, the bronze statue of Supreme Court Justice Roger B. Taney – gravely pondering the weighty issues of the mid-19th century – graced the park. Now he is gone. Justice Taney’s statue in Baltimore […]

Bill Bonner's Diary - BALTIMORE – On Monday, Caracas rolled out the red carpet – literally. In one of the funniest shows in modern capitalism, bondholders were invited to a special meeting in the Venezuelan capital. A few turned up. They wanted to know what to expect. The country is going broke – fast. Oil output is at a […]

November 13th, 2017 | The Problem With Millennials

Bill Bonner's Diary - DELRAY BEACH, FLORIDA – “What’s wrong with them?” In front of us was a group of young women, tying their surfboards on top of their Jeep. At first glance, nothing at all. They had come from a nearby surf camp and were enjoying a girls-only holiday. Some were dressed in shorts and shirts… others, barely […]

Bill Bonner's Diary - RANCHO SANTANA, NICARAGUA – Yesterday, Senate Republicans announced their proposed tax reform measures. Instead of eliminating the inheritance tax – like the House version does – the Senate proposal would increase the exemption by $5 million per person. And instead of cutting business taxes right away, the cuts wouldn’t happen until 2019. We never met […]

Bill Bonner's Diary - RANCHO SANTANA, NICARAGUA – “I wanted to build a little vacation cottage.” We were getting a tour of concrete and rebar. A colleague is building a house on the ocean. It seems to have gotten away from him. “Well…” he continued. “How many times am I going to build a vacation house in Nicaragua? “So, […]

Bill Bonner's Diary - RANCHO SANTANA, NICARAGUA – Over the weekend, bitcoin rose to more than $7,500 – a 200% gain from when we bought in June. “Is that all?” replies a colleague. “I got into a bitcoin miner at 2 cents a share. It’s now trading at $7. “I’ll do the math for you. If you had put […]

Bill Bonner's Diary - RANCHO SANTANA, NICARAGUA – If you run over a pedestrian in Washington, D.C., it might be wise to keep going. Because the person under your bumper could be a swamp rat. In fact, it could be Jerome Powell, whom President Trump just chose to replace Janet Yellen at the Fed.   —   Born in […]
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