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May 12, 2021 | Rising Inflation and Bill’s Doom Index

YOUGHAL, IRELAND – Oh my… look up. There it is. Our old, tattered Black & Blue… Our trusty “Crash Alert” flag, proudly signaling the alarm. Yesterday, we saw consumer prices moving up. And we saw how the supply of “money” is far outstripping the supply of goods and services you buy with it. So far this […]

May 8, 2021 | The Feds’ Illusion of Control

Emma’s Note: Emma Walsh here, managing editor of the Diary. Bill and his colleague at The Bonner-Denning Letter, Dan Denning, are sounding the alarm about the imminent demise of the U.S. dollar. The results of the feds’ never-ending money-printing are evident in rising commodities prices, rising stock markets, and rising U.S. Treasury yields. Treasury Secretary Janet Yellen and […]

May 6, 2021 | After Massive Government Intervention, Here’s How It Ends

YOUGHAL, IRELAND – Yesterday, we saw that some investments inevitably go bad. People make mistakes. The private world of win-win deals routinely corrects them. Death, divorce, default, destitution – many are the ways it sets things right. But the public world… the world backed by tanks and armed police… the world of wars and sanctions… […]

May 5, 2021 | U.S. Economic Damage From Fed Policies Is Beyond Repair

YOUGHAL, IRELAND – Poor Bill and Melinda. They are calling it quits. It’s all over but the long road and the sad songs. Apparently, the COVID-19 lockdowns are responsible for a lot of marriage break-ups. After spending so much time in close quarters, Bill and Melinda may have decided that they couldn’t stand each other […]

May 3, 2021 | The Feds’ Daring Investments

YOUGHAL, IRELAND – Last week, Charles de Vaulx, a famous value investor, was apparently so depressed by the bad performance of his fund that he jumped from the 10th floor of his office building. The New York Post: Shortly before 1 p.m. Monday, Charles de Vaulx entered the posh Midtown tower at 717 Fifth Ave. […]

April 30, 2021 | The Democrats Are Trying to Buy Votes

All governments use force and all assert that they are founded on reason. In fact, whether universal suffrage prevails or not, it is always an oligarchy that governs, finding ways to give to “the will of the people” that expression which the few desire. – Italian economist Vilfredo Pareto YOUGHAL, IRELAND – “We the People […]

April 29, 2021 | The Feds Fueled Income Inequality

YOUGHAL, IRELAND – Finally, The Washington Post catches on… The Fed helped fuel a stock market boom that benefited wealthy Americans – and left behind everyone else Ever since the Covid-19 pandemic struck, the Federal Reserve has gotten plenty of kudos for moves that have helped stabilize the economy, kept house prices from tanking and supported the […]

April 23, 2021 | We’re on the Road to Inflation

Slip sliding away Slip sliding away You know the nearer your destination The more you’re slip sliding away – Slip Sliding Away, by Simon & Garfunkel YOUGHAL, IRELAND – Colleague Dan Denning says inflation is already very pronounced in financial assets… and coming on strong in the commodities market. In his latest update, which paid-up Bonner-Denning Letter subscribers will receive later this […]

April 20, 2021 | A Real Boom Versus a Fake Boom

YOUGHAL, IRELAND – What a jolly time. A boo… boo… ka-boom! JPMorgan Chase CEO and chairman Jamie Dimon sees it coming: I have little doubt that with excess savings, new stimulus savings, huge deficit spending, more QE, a new potential infrastructure bill, a successful vaccine, and euphoria around the end of the pandemic, the U.S. […]

April 19, 2021 | The Feds’ Fraud Has Made Wealth a Gamble

YOUGHAL, IRELAND – When the money goes, everything goes. Today, we look at what went last week. Yes, Dear Reader, at this late, degenerate stage of the Bubble Epoch, nothing is so crazy… so absurd… or so appalling that it isn’t front-page news. And from Capitol Hill last week came the usual pernicious headlines. First, the […]

April 17, 2021 | The Feds’ Economic Hypotheses Are Empty

When your outgo exceeds your income, your upkeep is your downfall. – Sid Taylor, former research director, National Taxpayers Union YOUGHAL, IRELAND – Yesterday, we began our look at the Big Bang… the end of an empire… the grand finale in a Katastrophenhausse. That’s when the you-know-what hits the fan. Trouble is, you-don’t-know-when… or exactly how. Our […]

April 12, 2021 | Inflation Is in Sight

YOUGHAL, IRELAND – Like pilgrims crossing the Atlantic, we keep our eyes on the horizon, watching for land. Consumer price inflation… it must be out there somewhere. We’ve been headed in that direction for many years. And lately, huge gusts of big spending/big printing… from Donald Trump and Joe Biden… have been driving us forward. […]

April 8, 2021 | The Feds Are Implementing the Greatest Monetary Experiment in U.S. History

YOUGHAL, IRELAND – Yesterday, we argued that the U.S. is in decline. But if it is declining, it must be declining against something else. What? We don’t have to tell you, Dear Reader. You already know. Here’s the latest from The Wall Street Journal: China Creates its Own Digital Currency, a First for Major Economy A thousand […]

April 5, 2021 | What’s Ahead for Americans Who Aren’t Already Rich

YOUGHAL, IRELAND – All we have left is mockery. But in America, circa 2021, our sarcasm is dwarfed by the absurdities of real life. Last week, we tried to mock the Biden administration’s conceits. No bridge is too far for the Biden team… even those built by God himself. Alas, our sarcasm fell short. Scarcely had […]

April 2, 2021 | The Real Benefits of Joe Biden’s Infrastructure Plan

Stock markets hit new records on Biden spending plan Asian markets rose on Friday following a record-breaking session on Wall Street. The S&P 500 broke the 4000-point barrier for the first time, while the Nasdaq and Dow Jones also made gains. Investors were buoyed by President Joe Biden’s new $2.3tn (£1.7tn) infrastructure spending plan and […]

March 26, 2021 | Stock Market Investors Are Doomed When the Markets Correct

YOUGHAL, IRELAND – The moon is in its “Waxing Gibbous” phase… bright and bold, last night. And the lunatics are howling. At the macro level… the situation could scarcely be any zanier. The feds have spent $5 trillion, supposedly to cure an $800 billion loss in GDP caused by the COVID-19 panic and shutdowns. They […]

March 25, 2021 | The U.S. Government Considers Another New Economic Plan

YOUGHAL, IRELAND – One of the beautiful features of capitalism is that no matter how much money you have… or how you got it… there are always people willing and able to relieve you of it. An undiscovered need. An unmet desire. An opportunity to make even more money! There is no limit on how […]

December 18, 2020 | The U.S. Government’s Handouts Create Consumption, Not Production

WEST RIVER, MARYLAND – As expected, red and blue have come together into a deep mauve of tomfoolery. Here’s TIME Magazine: Senators Josh Hawley of Missouri and Bernie Sanders of Vermont share very, very little of their political DNA, but they each came to the conclusion that those stimulus checks are both politically popular and financially […]

December 11, 2020 | The Feds’ Stimulus Measures Are a Fraud

WEST RIVER, MARYLAND – This week, we’ve seen that real science… with its doubts and limitations… is easily brushed aside in favor of fake science. “The science” allows people to “know” things they can’t possibly know… or believe things that aren’t true… And – much like religion before it lost favor – it’s used by […]

December 4, 2020 | No, the World Economy Will Not Return to “Normal”

WEST RIVER, MARYLAND – What have we learned this week? In his weekly update to our Bonner-Denning Letter readers, Dan Denning addresses the peculiarity of the economy. When you add them all up – regular state claims, extended benefits, pandemic emergency claims, and pandemic unemployment claims – there are still over 20 million Americans claiming some sort […]

November 21, 2020 | Will the God of Science Save Us From COVID-19?

When men choose not to believe in God, they do not thereafter believe in nothing, they then become capable of believing in anything. – Belgian author Émile Cammaerts BUENOS AIRES, ARGENTINA – Last night, we got on a plane bound for Buenos Aires… As you know, Argentina has gone all-out in its war against the […]

November 11, 2020 | The Single Cause of America’s Decline: Fake Money

Just as every cop is a criminal And all the sinners saints As heads is tails Just call me Lucifer ‘Cause I’m in need of some restraint – Sympathy for the Devil, by the Rolling Stones SAN MARTIN, ARGENTINA – As expected, Joe Biden will speed up America’s encounter with disaster. That won’t be easy. Adding […]

October 27, 2020 | The U.S. Federal Reserve Has Made Itself the Hero

SAN MARTIN, ARGENTINA – With only seven days to go to the presidential election, investors are getting edgy. Yesterday, the Dow sold off by as much as 900 points, before bouncing back to end the day down 650 points. What’s the trouble? Party On Hold For one thing, people look up at the sky. They […]

October 16, 2020 | Coronavirus Lockdowns Financially Devastate Poor Communities

SAN MARTIN, ARGENTINA – Over the weekend, the World Health Organization threw a petard into the Lockdown/No Lockdown debate: WHO warns against COVID-19 lockdowns WHO envoy Dr. David Nabarro said such restrictive measures should only be treated as a last resort, the British magazine the Spectator reported in a video interview. “The only time we believe a lockdown is […]

October 9, 2020 | U.S. Politicians Ignore Ballooning National Debt and its Catastrophic Consequences

SAN MARTIN, ARGENTINA – The New York Times says that the major hobgoblins of our time – COVID-19, global warming, racism, etc. – have been upstaged by a new concern. No kidding: Now, in a stark reminder of the tumultuous nature of the 2020 race, all of those issues […] have been eclipsed in the political dialogue […]

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