Bill Bonner's Diary


In Praise of Mr. Putin

Call us traitors. Accuse us of treason. Say we’re quislings and fifth columnists. But don’t forget to mention: We’re also right! Yes – today we stand shoulder to shoulder with Barack Obama’s arch-rival, Vladimir Putin. We’ll come back to this in a moment… First, let’s check the latest market moves. The Dow eased off yesterday. But gold got whacked...

Ike’s Warning

We must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists, and will persist. We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted. Only an alert and knowledgeable citizenry can compel...

The Recovery That Never Was

So far, September trading has not confirmed our hypothesis about the fall season. We guessed US stocks would go down and gold would go up. So far, stocks have gone up and gold has gone down! If the markets were voting machines, we’d have to say that the early returns point to a victory for higher stock prices and...

The “Mize-Well Factor”

The Dow rose 140 points yesterday. Our guess: Speculators are betting on the Fed’s announcement later this month. In light of bad employment numbers, they reckon the Fed is unlikely to begin seriously tapering off from its credit-pumping adventure. They’re probably right. The Fed has already gone too far. The economy depends on its ZIRP and QE.

Stop Summers Now!

Cometh the hour, cometh the man. Or the woman… Ben Bernanke is leaving the Fed at the end of the year. He must shuffle off to some post where he will do less damage. The leading candidates to replace him are committed to continuing his policies, which consist of providing as much credit rope as you need to hang...

Empire of Debt

The Dow was flat yesterday. Gold dropped $17 an ounce. What to make of it? Our “Crash Alert” flag warns of a crash in US stocks. Readers are advised to proceed with caution. But since the start of September, the news for stocks has not been bad. If you want to buy stocks, the financial press and Wall Street...

A Personal Appeal to Barack Obama

The Dow rose 96 points yesterday. Gold fell by $22 an ounce. These moves run contrary to what we believe to be the major new trends. Are we wrong? Or was yesterday just a mixed-up trading day? Hold on… we’ll find out later.