Meanwhile, the US is going broke. Deficits doubled in the last two years. Between the anvil of rising entitlements and the hammer of rising Pentagon spending, US finances are being beaten hard.
Who is Bill Bonner?
Bill Bonner is an American author with a focus on modern finance and investments. He founded Agora, Inc. in 1978 as a small publishing company.
Since then, Agora has grown into one of the largest independent publishing companies in America.
Bill has written two New York Times bestsellers, Financial Reckoning Day and Empire of Debt. His latest book, Hormegeddon, is an examination of government policy and political and financial mistakes of the past.
He has also been a daily contributor of Markets & Money since 1999.
The Bonner Diaries
Today, you can find Bill’s thoughts captured in The Bonner Diaries. It is unlike anything else you’ll find in the mainstream media. His opinions are as diverse as they are divisive. You won’t get a detailed look at the stock market; instead you’ll get Bill’s recommendations and insights into the current financial world through his vast knowledge of politics, economics, and business.
For a candid look at the world, have a read of some his latest content below.
In Europe, people sneer at the ‘War on Terror.’ They think it’s fake. But they jump in the trenches to stop global warming. They may be cynical about fighting terrorism, but they enlist readily in…
If raising rates is such a problem, we guessed that the president would not want a real trade war. Higher import prices will quickly mean higher interest rates.
In the real world, the trade imbalance with China can’t be negotiated away. China makes cheaper, more competitive products. That wouldn’t change, even if trade barriers — including NTBs (non-tariff barriers) — were eliminated completely.
Tomorrow, we will discover that it didn’t really matter so much after all. Yes, a deal will most likely be made. Mr Trump may or may not be a stable genius, but he’s no fool.…
The stock market continued with a modest bounce yesterday…but America’s automotive giant, General Motors, sank into the mud.
The stock market got a healthy bounce yesterday. Where it goes from here is anyone’s guess. But you don’t have to guess. Because you don’t make money in the stock market from short-term moves.
Today will be an interesting day. After falling the last two days, stocks should bounce. And the futures market says they will. But now, we will see what the speculators are really thinking.
The old-timers say the days before a holiday are especially indicative of the market’s mood. Traders don’t like leaving themselves in danger while they’re away from their terminals.
Cash is hard for governments to control. And next-to-impossible to track. A digital currency emitted by a central bank, on the other hand, would make it easy.
You may recall that ‘stagflation’ was thought to be impossible. The Phillips Curve suggested that inflation drove employment. That’s why the feds pursue a 2% inflation target rather than a 0% inflation target.
Now, the Fed has changed course. Instead of loading up on bonds, it’s unloading them. And instead of helping to keep interest rates down, it’s helping to push them up.
Fake money rarely survives a full market cycle. We doubt that the fake dollar will either…
Mr Trump did not get elected by accident or by fluke. And he did not come along at a time when things were moving along nicely. Instead, we believe he has a major role to…