Bill Bonner

Only a crisis can save us now

In France, the voters turned against Macron. In Germany, they turned against the centrist Social Democrats. In the UK, both centre parties are in trouble.

The biggest turnaround story since the Soviet Union disbanded

Some investors see in Argentina the kind of boom that took place in Eastern Europe after it was freed from the Soviet Union in 1991... or China in 1979.

God, climate change and the deficit on Thanksgiving

We had spent the day before Thanksgiving splitting firewood. All day, we loaded the logs — oak, locust, cherry, and poplar — onto the splitter. Once split, the fire logs were stacked in the barn.

Ten years of wars and inflation

On Friday 22 November, US debt hit a new record – $36 trillion. There was also this little news item last week – Reuters: “Putin says Ukraine war is going global”.

Mr. Trump is an unlikely Moses, let alone Milei

The best case is a boom. Like the one set off by Ronald Reagan in 1980. But if there’s a best case, there’s also a worst case. Today, we begin looking for it.

When Trump’s Golden Age will get badly tarnished

Nobody knows the future. We bet on the patterns of history — in politics and markets. Those patterns suggest that The Donald will face long odds.

The Primary Political Trend

Big Government was triumphant. And Big Government means big spending, big budgets, big deficits, big debt... and knucklehead, big-shot delusions.

What the BRICS are really up to

The BRICS sound like the original United States – a confederation of independent, sovereign states, rather than the more modern version of the centralised US.

How the fiscal time bomb explodes

People are beginning to get gold fever. One young man had quit his job, loaded up on junior mining shares... and was off for a year of travel. Word is out.

Charm City has gone to the dogs, literally

Real estate prices never go down? By our estimates, Baltimore property prices have been in decline for nearly 100 years. And it’s only getting worse…

Are we in debtor’s prison already?

In today’s issue: A cockamamie answer to the debt problem Credit money made debtors dishonest Losses don’t vanish; they just get moved around As if…

The Fed can juice the stock market, but they can’t control the value of the dollar

So far this year, the S&P500 is up 18%. But gold is up even more — almost 20%. Since 2021, the S&P500 has gained about 20%... while gold is up more than 30%.

The problems are bipartisan

The candidates are like two drunken bus drivers, each racing to the same washed-out bridge. One may do a little better job of staying in his lane, but...

Gold knows what time it is

The real economy has developed something of an immunity to the stimulative effects of cheap money. Only stocks still move on a monetary pulse.

Natural things have limits. We’re at one.

Tomiko Itooka is the world’s oldest living person. She is only 116 years old. Not 300 years old. Financial indicators, such as debt and market prices, have their limits too.

The latest property fix will work as well as the last century’s

We soar over the big picture today... and splash down into the swamp of details. Ms. Harris proposes to give first-time house buyers a $25,000 gift.

Good news for the swamp critters

Presidential hopeful Kamala Harris says it’s time for a change. A funny thing to say when you’ve been the Vice President for the last three and a half years.

The US election is an advance auction of borrowed goods

The last few days have brought the usual election-year claptrap. Kamala’s supposedly plans to tax her own donors. And Trump’s tariffs are a tax on the poor.

Each and every choice made by a central bank is an error

After our car blew up, we rented a Citroen van. All was well until a light flashed on, telling us to put in something called ‘AdBlue.’

Dishonest prices create a dishonest economy

Stock prices are primarily information. They tell investors where their capital can be most fruitfully employed. The important thing is not that prices be high or low, but honest.