Best-selling investment author Bill Bonner is the founder and president of Agora Publishing. Owner of both Fleet Street Publications and MoneyWeek magazine in the UK, he is also author of the free daily e-mail The Daily Reckoning and three best-selling books, Financial Reckoning Day: Surviving The Soft Depression of the 21st Century, Empire of Debt: The Rise of an Epic Financial Crisis and Mobs, Messiahs and Markets..
Bernie Madoff and his Finacial Crime.
It’s the end.
This is the age where politicians get their chance to run up huge debts. “Politics is about what works,” said Hillary Clinton. At least, we think it was Hillary Clinton. Someone said it. Someone who is an imbecile.
Amero to Replace Dollar as North American Currency. What will take the place of the dollar?
A Collapse of Bond Prices Could Send Investors into Stocks.
With the Rally Nearly Over the Germans are Buying Gold.
Trust in Our Financial System. Yesterday, the Dow fell 187 points. Oil slipped to $70. The dollar rose to $1.37. And gold lost another $12 – to $928. The rally may run through the summer; it may not.
Reading the obituaries is such a delight. First, it is a relief when you find your name not mentioned. Then, it is a joy when you find those that are. Not that we wish to see any man’s name on the roll of the dead; still, the final audits are always the most revealing. Here on the back page, we admire honest scalawags…and learn from them. Thus was our attention drawn to Mr. Omar Bongo’s exit from the mortal stage on June 8th.
Big pay back in vogue on wall street WSJ
Late night mystery money The Market Ticker
World trade contracts at 10% Reuters
Bill Gross: “Bon” or “Non” appetite PIMCO
Ireland’s credit rating slashed MarketWatch
Inflation or hyperinflation? Merk Mutual Funds
Gallup: investor optimism tumbles in June Gallup
Jon Weil: Crisis won’t end until balance sheets get real Bloomberg
Peter Boockvar on Gold [video] Zerohedge
Commodity warning signs Daily Reckoning