What are the big risks in 2012? We can think of several. But the World Economic Forum only sees two worth mentioning – too many deficits and too great a difference between rich and poor causing a “dystopian future“.
January 13th, 2012 | Bill Bonner | 0 comments | ContinuedArchive for Bill Bonner
Best-selling investment author Bill Bonner is the founder and president of Agora Publishing, one of the world's most successful consumer newsletter companies. 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.
The Real Crisis in Capitalism
The Financial Times led off its series on ‘Capitalism in Crisis’ with a wandering piece that attempted to outline the problem. Unfortunately, the FT writers don’t seem to understand what capitalism is, let alone what is wrong with it. They say they are “rethinking capitalism.” But it doesn’t appear that they ever thought about it the first time.
January 12th, 2012 | Bill Bonner | 1 comment | Continued
U.S. Economy: Jobs Up, Income Down
Recession fears are receding. At least, that’s what it says in the papers. The U.S. economy has been adding new jobs at an average rate of about 130,000 per month. That’s only about what it takes to stay even with increases in the population.
January 11th, 2012 | Bill Bonner | 0 comments | Continued
The US Empire: Home of the World’s Biggest Zombies
The US empire is doomed. Just like all the others that went before it. It is doomed by nature herself – condemned by the gods to blow up and die.
January 10th, 2012 | Bill Bonner | 2 comments | Continued
Investment Hopes, Fears and Preparations for 2012 Investors
“Prepare for the worst; hope for the best,” was always good advice. And here at The Daily Reckoning it is the foundation of our investment approach. We never know what will happen. So, what we want are investments that don’t depend on knowing.
January 9th, 2012 | Bill Bonner | 2 comments | Continued
Alan Greenspan and the Arithmetic of a Revolution
Hey… That rascal, Alan Greenspan, is back in the newspapers. And this time he has something sensible to say.
January 6th, 2012 | Bill Bonner | 7 comments | Continued
China is the New Number One
From The Economist:
The country that invented the compass, gunpowder and printing is also challenging America in the innovation stakes. We estimate that in 2011 more patents were granted to residents in China than in America.
January 5th, 2012 | Bill Bonner | 3 comments | Continued
When the Public Sector Debt Bubble Blows Up
The private sector debt bubble blew up in 2008. The public sector debt bubble will blow up too. Maybe in 2012. Most likely not for a while longer. But when US debt begins to blow up, the feds will come in with everything they’ve got trying to stop it.
January 5th, 2012 | Bill Bonner | 1 comment | Continued
Is Gold Washed Up?
While stocks lost 12%, gold rose about 10%. For the 11th year in a row (we’ve lost track) our “sell stocks/buy gold” formula paid off. Between falling stocks and rising gold there’s a spread of 22%. Not bad.
January 4th, 2012 | Bill Bonner | 1 comment | Continued
A Brief Retrospective of the Year Gone By
Before we say goodbye to 2011, let us pause to remember it…briefly. We spent 365 days with it – 365 days in a row. We can’t just move on to 2012 without a least a backward glance. What kind of a year was it? In what direction did it take the world, dear reader? Should we cheer that it is gone…or merely dry our eyes and hope for the best?
January 4th, 2012 | Bill Bonner | 0 comments | Continued
A Stitch in Time
Okay… We have left 2011 behind. We are rid of it forever. It won’t come back. Never. Not even if the universe lasts a million years, we will never see it again.
Or will we?
Avoiding the Market Danger Zones in the Year Ahead
(Ed Note: Bill penned this note as 2011 was drawing to a close). The markets are fairly quiet. The politicians are keeping their mouths closed too. Here at The Daily Reckoning Christmas headquarters we’re drinking eggnog, eating fruitcake and wondering what 2012 will bring. We’ve given up trying to actually look into the future. We don’t seem to have the knack for it.
January 3rd, 2012 | Bill Bonner | 2 comments | Continued
Correcting the Growth of Human History
And so, yesterday, the northern hemisphere had its shortest day of the year. In Baltimore, the sun never rose and never set. It was gray all day. Then it was night again.
And so the days dwindle down to a precious few. In astronomical terms, the year is already over.
December 23rd, 2011 | Bill Bonner | 4 comments | Continued
A Health Care System for Zombies
The health care system is supposed to be run by private enterprise. It’s supposed to be free and dynamic, responding to market pressures and adapting to consumer demand. Our colleague, Porter Stansberry, says it has been corrupted. As you can see for yourself, it is degenerate…and zombified.
December 22nd, 2011 | Bill Bonner | 1 comment | Continued
Let the Economic Depression Burn Itself Out
The nice thing about an economic depression is that it cures a depression. Stocks collapse. Businesses go broke. Speculators jump from tall buildings. Wages fall. Prices drop. Interest rates sink. And then, with the cost of assets, labor and credit at rock-bottom levels, the scrap dealers, recyclers and entrepreneurs get to work.
December 22nd, 2011 | Bill Bonner | 2 comments | Continued
