Bill Bonner
Bill Bonner Articles
Mr.MARKET has been puttin' the hurtin' on gold bulls, writes Bill Bonner in his Diary of a Rogue Economist. Monday, however, he went after the gold shorts. Gold rose $42.60 per ounce from Friday's close...some 3.6%. That's proportionally...
Now our nerves are settled. We can sleep at night. There’s nothing more to worry about. Christine Lagarde, head of the IMF, has reassured us. Madame Lagarde tells us that further scaling back of QE won’t mean a thing, as long as the Fed...
Somehow, like it or not, the world turns. Today’s hegemon becomes tomorrow’s also-ran. Today’s reserve currency becomes tomorrow’s wallpaper. Today’s cock o’ the walk becomes tomorrow’s dinner.
Over the last 10,000 years, humans have tried two different kinds of “money.” They began with exchanges based on credit – “You give me a chicken… I’ll pay you back later, maybe by helping you build a new wigwam.”
Then, when society became...
Dear readers ask about gold. Is it time to sell? To buy? To forget about it?
Gold fell $25 yesterday; it now stands at $1,575 per ounce. The gold price could break all the way down to $1,000. But we don't expect it. Gold is not in a bubble...
This morning, we sat down in the Paradis for a cup of coffee. We had in front of us two books and two whores.
"Economists say America is unlikely to follow into Japanese-style deflation," said a recent Wall Street Journal article, "because U.S. leaders reacted to their slowing economy much more quickly than Japanese leaders did..."
Oh?
The...
This week marks an important anniversary.
"How do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions, as they have in Japan over the past decade?" asked...
"Political history is largely an account of mass violence
and of the expenditure of vast resources to cope
with mythical fears and hopes."
Murray Edelman
Both high and low, the world is full of regrets. Women often regret the men they...
Blue turns to gray
And try as you may
You just don't feel good
You just don't feel alright...
Blue Turns to Grey by The Rolling Stones
The economy reminds a casual observer of Keith Richards after a concert: he is still standing, but...
