Professors of finance are a dime a dozen. Their theories are generally shallow and wrong…or kooky and silly. We weren’t sure which category Professor Richard J. Murphy of Sheffield, England, belonged in. We doubt that his core thesis on the coming crash is correct…but it is provocative. At first glance, Murphy appears to be even […]
By Bill Bonner,
Already, the press…the intellectuals…the greasy ‘policy makers’ are finding reasons to dull the DOGE. Writing in the Wall Street Journal, Francis Fukuyama gives bad advice to the Musk/Ramaswamy duo: ‘The solution to our problems does not lie in the wholesale undermining of government but in appropriate regulation.’ As we have seen, Reagan was right: the […]
By Bill Bonner,
Why is the risk of a major bear market greater than most people think? Why will Musk and Ramaswamy fail to halt US deficits? And when will the US be ready for a genuine change of direction? First, Fortune tells us that the captains of industry are looking for good times ahead: ‘Fortune 500 CEOs […]
By Bill Bonner,
In France, the voters turned against Macron’s ruling coalition. In Germany, they turned against the centrist Social Democrats and Christian Democrats in favour of more extreme alternatives. Anatol Lieven: Europe’s center is not holding ‘The collapse of the government in France and the ruling coalition in Germany spells continued crises.’ In America, too, voters selected […]
By Bill Bonner,
Juan Hipolito del Sagrado Corazon de Jesus Yrigoyen. With a name like that, it was obvious that he was destined for a fancy business card. And in the early 20th century, he became president of the Argentine republic. But he — no more than Franklin Delano Roosevelt nor Donald John Trump — did not create […]
By Bill Bonner,
Reuters…on the most exciting story in the financial world: Argentina’s Milei wants to make austerity great again. ‘Argentina’s libertarian President Javier Milei laid out a bleak vision in his maiden speech a year ago amid an economic crisis. He warned there was “no money”, pledged shock therapy for the economy and said things would get […]
By Bill Bonner,
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