Bill Bonner's Diary


Bill Bonner's Diary

Say a Little Prayer for the Rich

Last week, we attended a conference for the 1%. "Everybody thinks the rich have such easy lives," said a psychologist and family therapist. "But you wouldn't want the lives that a lot of 1% have. They're often so cut off from meaning in their lives... from the warmth of normal relationships... and from the psychological rewards of just having...

Bill Bonner's Diary

Don’t Buy the Rally… or the Fed Hype

How about that? The Dow rose 207 points on Friday. Gold down $32 per ounce. What does it mean? It looks like the big surge continues. Stocks go up. Gold goes down. Our advice: Don't pay it any mind. It is like running through red lights. You do it once. Chances are nothing bad will happen. You do it...

Bill Bonner's Diary

Say “Bye-bye” to Bonds

Yesterday, the Dow bounced 80 points. Gold went up too – rising $17 per ounce. Our view is that the current bull market in bonds is coming to an end – sometime. The Fed can delay Mr. Market... it can divert him... it can distract him. But in the end, Mr. Market triumphs over Mr. Ben Bernanke. Does that...

Bill Bonner's Diary

Blocked up With Yucky Stuff

Yesterday, Mr. Bernanke's price-fixing scheme ran over a speed bump. The Dow dropped 216 points. Just a jolt, for now. The brick wall is still ahead. But we will try to give the devil his due. First, this from our own right-hand man, Chris Hunter (investment director for the Bonner & Partners Family Office) with a more generous assessment...

Bill Bonner's Diary

An Inconvenient Irony: QE Favors the Rich

Small businesses create new jobs and new wealth. But small business can't borrow at today's low rates. They're lucky if they can borrow at all. Instead, almost all the new credit goes to banks, big businesses and the government. In the normal course of investing, you win some and you lose some. That's what keeps the rich from always...

Bill Bonner's Diary

Health Warning: QE KILLS

The Dow fell more than 200 points on Friday. Treasury bond yields are still minuscule... but rising. Pundits are guessing that the secular bull market in bonds may finally have turned. What's most amazing is that long-term Treasury bond prices are falling (as yields rise) even as the Fed spends $85 billion per month to prop them up.

Bill Bonner's Diary

Party… Party… Party!

Stocks up yesterday, but by peanuts. However, gold popped $20 per ounce. What gives? We don't know. But we like the look of the gold mining companies. They're relatively cheap. And sooner or later, they're going to pop up too. You know why? Ludwig von Mises explained more than half a century ago: