The Bonner Diaries

Who is Bill Bonner?

In 1978, Bill Bonner founded Agora, Inc. Through Agora Bill shared his ideas in letters delivered to a network of subscribers that he built from the ground up. What started as a small newsletter distribution service, has now expanded to over 40+ companies worldwide, and is still growing!

Bill Bonner is also the two-time New York Times bestselling co-author of Financial Reckoning Day and Empire of Debt. Two highlights in a lifetime of success and commendation.

Today, you can find his thoughts captured in The Bonner Diaries. It is unlike anything else you’ll find in mainstream media. His opinions are as diverse as they are divisive. And through his vast knowledge of politics, economics, and business, He shares this alternate wisdom with his readers.

What are The Bonner Diaries?

The Bonner Diaries are where you can find Bill’s latest musings and insights. It’s not a detailed look at his views of the stock market, or recommendations. Instead, you’ll get something far more valuable, Bill’s truth. Ideas on what is really happening in the financial world, with a healthy dose of irreverence and wit.

For a candid look at the world, have a read of some his latest content. In a time global uncertainty, it’s good to get perspective on what really matters.

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.
history and law of ignorance
Do You Know Your Irish History?
We are suspicious of all history. It records little of what actually happened and is subject not only to our Law of Ignorance, but also to ‘victors’ spin’. Long-term Diary sufferers will recall our Law of Ignorance: Ignorance increases by the square of the distance, in time and space, from the events.
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.
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.