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Posts by: Bill Bonner

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Bill Bonner

Since founding Agora Inc. in 1979, Bill Bonner has found success and garnered camaraderie in numerous communities and industries. A man of many talents, his entrepreneurial savvy, unique writings, philanthropic undertakings, and preservationist activities have all been recognized and awarded by some of America’s most respected authorities. Along with Addison Wiggin, his friend and colleague, Bill has written two New York Times best-selling books, Financial Reckoning Day and Empire of Debt. Both works have been critically acclaimed and internationally. With political journalist Lila Rajiva, he wrote his third New York Times best-selling book, Mobs, Messiahs and Markets, which offers concrete advice on how to avoid the public spectacle of modern finance. Since 1999, Bill has been a daily contributor and the driving force behind The Daily Reckoning.

  1. Daily Reckoning

    Spitting on the Boomers’ Financial Legacy • November 21, 2009

    Okay! We’ll say what we’ve been thinking…
    …that our children are going to spit on our graves!
    First, Americans made a colossal mistake in the ’90s and the ’00s. They partied…they spent…they borrowed…running up huge debts in the private sector. Most kids could forget about inheriting anything from their parents; the geezers spent it years ago.
    The boomer …Read more…

  2. Daily Reckoning

    Real Recovery Hallucinations • November 20, 2009

    What happened yesterday? The Dow sold off 93 points. Investors had been hesitating. There’s supposed to be a recovery going on. But the latest news is unsettling. Housing and employment numbers are weak. What’s going on? Maybe this recovery is not a sure thing after all.
    “Record numbers late on US loans,” says a headline in …Read more…

  3. Daily Reckoning

    Bare Branches • November 20, 2009

    Last month, a Hong Kong apartment set a record. It sold for $56.6 million, which works out to $11,350 per square foot – the highest price ever paid for a pad in China. The buyer may have just needed a roof over his head. More likely, he is bullish on China. We are too, in …Read more…

  4. Daily Reckoning

    In Defense of Goldman • November 19, 2009

    The Lloyd’s Prayer
    Our Chairman, who art at Goldman
    Blanfein be thy name
    The rally’s come
    God’s work be done
    On earth as there’s no fear of correction
    Give us our daily gains…
    Poor Goldman Sachs. Everyone is on its case. Criticizing. Carping. Jealous. Envious.
    So, today we rise in defense of the Wall Street giant. Yes, the Goldmen may be shysters. But …Read more…

  5. Daily Reckoning

    Housing Spurns the Fed’s Advances • November 19, 2009

    What kind of strange recovery is this?
    A survey showed that only 1 in 10 workers say his income is going up. This is the lowest reading since 1946.
    Meanwhile, the news two days ago was that homebuilding took a dive in October. Work began on 11% fewer houses than the month before. On multi-family dwellings, the …Read more…