About Bill Bonner

Since founding Agora Inc. in 1979, Bill Bonner has found success and garnered camaraderie in numerous communities and industries. A man of many talents, his entrepreneurial savvy, unique writings, philanthropic undertakings, and preservationist activities have all been recognized and awarded by some of America’s most respected authorities. Along with Addison Wiggin, his friend and colleague, Bill has written two New York Times best-selling books, Financial Reckoning Day and Empire of Debt. Both works have been critically acclaimed internationally. With political journalist Lila Rajiva, he wrote his third New York Times best-selling book, Mobs, Messiahs and Markets, which offers concrete advice on how to avoid the public spectacle of modern finance. Since 1999, Bill has been a daily contributor and the driving force behind Markets and Money.

russia meddling

Forget the Russia Meddling Story

The Russian meddlers spent a trivial amount of money putting out dumb messages, most of which were never delivered and never read. They organised protest marches, to which no one showed up…and must have had zero impact on the election. And now that Mr Mueller has brought the heavy hammer of justice down on their heads, we can all sleep more soundly.
US fed

Is This the Most Absurd Government Agency?

The feds will tell us when it is safe to buy…and when we should run for the hills. But what’s this? Now, 10 years later, stocks are three times as expensive. Debt is far higher, too. The feds alone have borrowed an additional $10 trillion. And the Office of Financial Research (OFR) was specifically charged with warning us about coming volatility spikes. But here we are… And no warning.
disarm government

The Worst Killer of the Modern Age

While private citizens have generally become less violent (win-win is a better way to get what you want in a modern, civilised society), public policy — at least if the last century is anything to go by — has become more violent.
US economy consumers unhappy

Vignettes from Ireland

As you no doubt remember, average numbers — and government statistics — have created a phony picture of the real condition of the country. According to the Fed, the White House, and the press, we are at the beginning of a period of strong, synchronised growth around the world. The bigger the picture, the more likely it is to be fraudulent.
US inflation leaving consumers money out of their pockets

Americans Are ‘Skint’

We used to count on the Republicans to push back on deficits. They believed in small government and balanced budgets. But now, most of them lack all conviction — except in getting re-elected! And the worst are full of passionate intensity… eager to snatch away every penny of other people’s savings.
US budget proposal

Bye-Bye, Balanced Budgets

This budget proposal comes from a Republican president, faced with neither war, nor recession, nor financial emergency. It comes also at the late stage of a business cycle…with unemployment about as low as it ever gets, stock and bond prices near record highs, and inflation already making a comeback.

How Dumb Is the Fed?

Most likely, interest rates will rise…and speculators will begin front-running the Fed. For the last 10 years, the fool was easily identifiable. It was the Fed. The US central bank slashed interest rates to near zero to juice up the stock market.
US economy headlines

Roadkill Headlines

We get the news no sooner than anyone else. Many times, we’ve tried to guess what tomorrow’s news will bring. We have done enough tests to know that either it can’t be done reliably…or we are no good at it. But that doesn’t stop us from trying. Herewith, for what it is worth, we look at the headlines for the months ahead.
inflation

The Age of Inflation Is About to Begin

In the coming crisis, monetary policy alone will not be enough; the Fed doesn’t have enough room to cut interest rates. As we predicted when Mr Trump was elected, the critical fraud is shifting from monetary policy to fiscal policy (government deficit spending). Yes, the Age of Inflation is coming. Fiscal stimulus. Big spending by both parties.

Biggest Bubble Ever Meets Biggest Pin

The markets were noisy yesterday. A third day of wildly gyrating prices left stocks and bonds in retreat…as the financial press shouted out its outsized fears…and its calming little lies.
stock plunge

What’s REALLY Behind Yesterday’s Stock Plunge

The classic part is the plunge in stocks. That is bound to happen. Everybody knows it. And your average investor says he is ready for it. He will ‘buy the dip’…and profit from the big rebound. The not-so-classic part is the more fascinating drama. And here is where we introduce our tragic heroine.
US economy crash

Death Star Headed for the US Economy

Markets go up and down. This market will go down, no doubt about it. If not now, later. That would be nothing new. Hardly worth mentioning. But there’s more to the story: In addition to plunges for stocks and bonds, the entire financial system is headed for a long, painful destruction.
bonds and panic over US markets

Bond Panic Spreads

The feds are already on schedule to issue $1.3 trillion of bonds in just nine months. But who will buy them? Not the Fed: It is expected to continue its ‘quantitative tightening’ (letting the bonds on its balance sheet shrink, not buying more)…at least until the ladder falls over.
bill bonner's irish home

An Update on Our Irish House Hunt

We’ll suspend our coverage of the financial weather to tell you what we’ve been up to here in Ireland. The last couple of days have been spent house-hunting. We are going to be in Ireland, off and on, for the next five years. We might as well dig in…find a place we like…and enjoy it.
trade barriers

Washington’s ‘War on Washing Machines’

Restraining trade with tariffs and regulations, on the other hand, produces winners and losers…and makes society poorer. As to the winners from the latest trade barriers, there was one obvious one: US home appliance company Whirlpool. So who were the losers? That is the dot we hope to connect today.