Ashurbanipal might be a good model. He inherited an empire from his father. He is credited, or accused, of being ambitious, ruthless and cruel. He, like Donald Trump, faced challenges. And he, like DJT, thought the best way to deal with them was with superior force.
By Bill Bonner,
Cutting taxes was not necessarily a bad idea. But increased spending eliminated the benefit. So did the ‘tariff’ program, which acts as a tax increase on Americans.
By Bill Bonner,
The gap between the charged-up price action on Wall Street…and the depressing ground of the macro world….must be closed. What will spark a correction, we don’t know.
By Bill Bonner,
Major innovations begin by destroying wealth. New tech — from internal combustion engines to dot-coms to AI — offers to cut costs for both consumers and producers. AI may be exceptionally deflationary.
By Bill Bonner,
Surely faster growth will help earnings catch up to prices, right? No need for the bubble to pop? Today’s stocks may seem cheap when this growth surge is fully realized. Right?
By Bill Bonner,
Speculators buy into bubbles, not investors. In the bubble psychology, speculators believe that they can buy high…and sell even higher.
By Bill Bonner,
By almost all measures, US asset prices are in a bubble. Based on Cyclically Adjusted P/E ratios, the S&P 500 has been this high only one time in history — at the height of the Dot.com bubble.
By Bill Bonner,
Government takes many different forms. But the one form all governments share is that of a criminal enterprise. At the end of the day, the feds force people to do things they don’t want to do.
By Bill Bonner,
But here’s the critical part: they will use their newfound power as Trump did — to punish their enemies, further their own pet projects and buff out their own authority.
By Bill Bonner,
The longer Trump stays in the captain’s chair…and the crazier and more inept he appears…the more likely the democrats are to win elections — both this year…and in ‘28.
By Bill Bonner,
Investment ideas from the edge of the bell curve.
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