Bill Bonner's Diary


Edward Snowden – A Real American Hero

Poor Edward Snowden. There aren't many real heroes. Most of the people who pass for heroes are just puffed-up jackasses... and stuffed-shirt impostors. Roosevelt. Lincoln. Bernanke. Snowden denies it. But he is the real thing. He gave up his cozy, comfortable life so that others may see the evil that lurks in the shadows... and do something about it.

An Important Lesson from Tony Soprano

Whew! The Fed is number one in central banking. And it's finding out just how tough it can be to meddle with a $16 trillion economy. On Wednesday, Ben Bernanke came out with a public statement. He said that if all went well... and he didn't change his mind... and nothing unexpected came up...and the Fed's Open Market Committee...

All Hell Breaks Loose!

Yesterday, it felt like all hell was breaking loose. It was the kind of day when each man looked to his own. He checked his bank balance and his margin account. He counted his gold coins and looked in his liquor cabinet. He wondered what would happen next... The Dow fell -353 points. Gold lost $87 an ounce. What...

Warning: For Mature Adults Only

From the Desk of Will Bonner: There'll be no Thursday entry from Bill Bonner today. Dad is on the road again after his recent trip to Ireland... and the Bonner roots. He'll be back with you tomorrow. In the meantime, here is a classic Diary entry.

A Journey Through the “Old Country”

Nothing worthy of comment happened in the markets yesterday. So we continue our travelog. We left the winter gales of Scotland for the warm breezes washing over West Cork in Ireland. The only trouble was the breezes carried more water than warmth. After a day of sightseeing along the coast, we found ourselves in a small store in Kinsale.

Inside Ben Bernanke’s Doomsday Device…

Where things stood at the close of last week: Dow down 105. Gold up $9 an ounce. Nothing worthy of comment, in other words. But those who think the world is warming up should visit Edinburgh. It is a city made of stone. Yellow stone. Brown stone. Almost black stone. Almost every building is built of stone. And the...

Get Ready for Rising Interest Rates…

Up, down. Down, up. Yesterday, the Dow reversed recent declines. It rose 180 points. Gold, too, seems undecided as to what direction to take. It fell $14 an ounce. We'll carry on... trying to figure out what is really going on. The typical post-war boomer has lived with just one complete interest rate cycle. Rates hit a low after...