Bill Bonner's Diary


Should You Turn Bullish in 2014?

The year draws to a close. It will be one for the history books. By the end of last week, 50 stock market records had been broken. And now the Dow pushes toward 17,000. The overwhelming majority of investment advisors are bullish. Even longtime bears – such as Hugh Hendry, Jeremy Grantham and John Hussman – have decided to...

Hold onto Your Gold!

Editor's Note: Will Bonner here again, publisher of Diary of a Rogue Economist. Dad will be back with his regular Diary entries on Monday. Until then... a "classic" on why you should hold plenty of gold. Enjoy! Will Over the last 10,000 years, humans have tried two different kinds of "money." They began with exchanges based on credit – "You...

In Praise of America’s Bureaucrats

Editor's Note: Will Bonner here again, publisher of Diary of a Rogue Economist. It's Christmas Eve. So, no regular Diary entry. But if you're in the mood for appreciating the nation's bureaucrats, here's an essay you might enjoy! Enjoy! Will It's been "Bureaucrat Appreciation Week." Just when we had lost all respect for them, we notice a countertrend. It's...

Dogs Don’t Vote…

Editor's Note: Will Bonner here, publisher of Diary of a Rogue Economist. Dad is taking time off from writing his regular Diary entries this week. In the meantime, here's a classic from the archives. Enjoy! Will As many as 50,000 stray dogs roam the streets and vacant homes of bankrupt Detroit, replacing residents, menacing humans who remain and overwhelming...

Give Thanks to ‘The 1%’

The Dow rose 40 points on Friday. Gold recovered 10 of the 40 bucks it lost the day before. This week, a hush falls over Christendom. Office phones ring, with no one to answer them. Stockbrokers, waiting to score a few more commissions before the end of the year, give up and go home. The malls, flush with shoppers...

A Vicious Collapse in Gold?

Not much follow-through from Wednesday's Fed euphoria in the US stock market yesterday. Investors are drifting away, preparing for the holidays. Dow up only 11 points. But, whoa! What's this? Gold took a pounding yesterday. It fell $41, to close below $1,200 an ounce. Remember when gold began its correction from over $1,900 an ounce? We guessed the correction...

Fed to America: ‘QE Scam Will Continue’

The Dow jumped 292 points yesterday. Investors took to the Fed's announcement like children to Santa Claus. They rubbed their eyes and saw a big present under the tree: No real tapering... no time soon. Said Ben Bernanke, "Highly accommodative monetary policy remains appropriate." Our friend David McWilliams – one of the few Irish economists to see the big...