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Commentary

Payback

‘There is no means of avoiding the final collapse of a boom brought about by credit expansion.’ Ludwig von Mises Dan says our view of the stock market — is ‘almost un-American’. It defies the evidence of the stock market since 1925 — which is up 366 times. It seems to contradict the greatest investor […]

By Bill Bonner, Thursday, 27 February 2025

The Real Heroes

We wonder how many federal employees complied with the DOGE demand? Midnight last night was the deadline. CBS News: ‘DOGE’s Elon Musk says federal employees must document their work or resign; some agencies push back ‘Federal workers received an email on Saturday instructing them to document five things they accomplished in the past week, and […]

By Bill Bonner, Wednesday, 26 February 2025

Rendezvous with Catastrophe

‘You are a traitor and a fool’, wrote a Dear Reader. The ‘traitor’ charge has no sting. But as for the ‘fool’? He may be on to something. Is it traitorous to notice that the US is being pulled down by its own Deep State scalawags, its jacked-up world improvers and its over-stretched empire? We […]

By Bill Bonner, Tuesday, 25 February 2025

Objects in Motion

For years, philosophers have wondered: ‘which came first, the chicken or the egg?’, now we have our answer: Dead birds don’t lay eggs. When bird flu decimates the chicken population, the eggs disappear. Having solved the chicken/egg conundrum, we move on to another breakthrough. But first…we have to keep up with the dot-flow…making sense of […]

By Bill Bonner, Monday, 24 February 2025

Not Cheaper by the Dozen

‘I will very quickly deflate. We are going to take inflation, and we are going to deflate it. We are going to deflate inflation. We are going to defeat inflation. We’re going to knock the hell out of inflation.’ Donald Trump, on the campaign trail ‘Inflation is back…I had nothing to do with it.’ Donald […]

By Bill Bonner, Friday, 21 February 2025

How Many Divisions Does Elon Have?

The question was framed, according to some historians, by Josef Stalin at the Potsdam Conference. Winston Churchill had suggested that the Pope might be brought in to provide moral backing to the Allies’ campaigns against Hitler. Stalin must have wondered how morality would hold up against Panzer tanks. ‘How many divisions does the Pope have?’ […]

By Bill Bonner, Thursday, 20 February 2025

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All advice is general in nature and has not taken into account your personal circumstances. Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

The value of any investment and the income derived from it can go down as well as up. Never invest more than you can afford to lose and keep in mind the ultimate risk is that you can lose whatever you’ve invested. While useful for detecting patterns, the past is not a guide to future performance. Some figures contained in our reports are forecasts and may not be a reliable indicator of future results. Any actual or potential gains in these reports may not include taxes, brokerage commissions, or associated fees.

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