Archive for Bill Bonner
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..
Same Old Mistakes, Different Day
Gustav threatens to shut down the oil rigs in the Gulf…trying to explain the mysteries of market cycles over dinner. Everything is in its right place…stocks keep rallying on false hopes that the end is nigh. The realm of the world economy is extraordinary…a ’slow volcano’ could power San Francisco…and more!
America’s Economic Mistakes Will Take Time and Money to Correct
The Daily Reckoning’s Bill Bonner says the biggest credit expansion ever could now be turning into the largest credit contraction. Big mistakes were made in all quarters of the economy, and these take time to correct. Bill says he still favors gold over other asset classes, given the enormous downside potential for the U.S. dollar.
Americans Must Cope With a Lower Standard of Living
The Daily Reckoning’s Bill Bonner says Americans are going to have to get used to a lower standard of living. After living beyond their means for so long, they will have to leave beneath their means to survive the correction.
What the U.S. Must Learn From This Housing Crisis
The New York Times says the recovery from the U.S. housing crisis will be “painful and protracted”. The Daily Reckoning editor Bill Bonner says this is a good thing for the nation. It might prevent the same mistakes being made again. The last few decades have been built around consumption, which went way beyond income thanks to the irresponsible lending from banks.
How the U.S. Will Become the Next Fallen Empire
The Daily Reckoning editor Bill Bonner says the U.S. — like all other empires before it — has overstretched itself. And now it is facing national bankruptcy, unless a group of people can change the course of history.
Bill Bonner Says a U.S. Recession Is Necessary
The credit markets are still in deep trouble, says Bill Bonner in The Daily Reckoning.
CDO values are in “free fall,” says the Financial Times.
U.S. stocks aren’t faring much better. The Dow fell 180 points on Monday. On Tuesday, it dropped 130 more. Yesterday, U.S. stocks seesawed all day. The Dow finally closed with modest gains of 68 points.
The only way to end the influence of serial credit bubbles on the U.S. markets is to turn Japanese, says Bill.
Bill Bonner: Much More Can Go Wrong in US Economy
The Daily Reckoning editor Bill Bonner says there is still a lot more that can go wrong with the U.S. economy. Stocks and bonds have further to fall, and the entire dollar-based financial system remains vulnerable to both inflation and deflation. Bill says gold is still the best way to ride out these coming woes…
Phony GDP Growth
The slump in the U.S. continues, says Bill Bonner in The Daily Reckoning. There’s “blood in the street,” says Barron’s of America’s most famous street, located in lower Manhattan. Fortune tells us that the “next wave of mortgage defaults” is coming.
The Feast of the Assumption of the Blessed Virgin
It’s “an empire ending problem,” says Robert Zubrin. He’s referring to the outflow of capital from the United States of America to the oil exporting countries. OPEC now takes in more cash than the U.S. government.
Sugar Daddy God
Evangelicals preach the word of God from a pulpit made of pocketbooks…and lately, it seems like a lot of people are buying. Of course, this might be just another part of the baroque spectacle that makes America such an amusing place. Bill Bonner explains…
“Daddy God,” is how refers to Him.
Honestly. We’re not making this up. When Mr. Joel Osteen took a wife, it was Victoria that he got, for better or for worse. And now the two of them preside over a mega-church in a suburb of Houston. Mr. Osteen is the author of a super bestselling book, Your Best Life Now. God wants us to be prosperous, he argues, in front of thousands of worshippers. How does he know what God wants? He speaks “face to face” with God, says his wife, making him the first person ever to do so. (What did He look like? Has anyone asked?)
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