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| Bill Bonner's Daily Reckoning
reports are an interesting read even when they are three years old - Bill
is extremely germane as to where we are and where we're going - Admittedly,
many of these archived essays are slightly dated. (Anything more than 24
hours old in today's world is dated.) Yet, despite their publication dates
these essays still hold great interest, if for no other reason to then
to hold Bill's feet to the fire if has been proved wrong about something.
He is, however, right on the mark more often than not, and more often than
others. These considerations aside, it is reading Bill's Daily Epistle
in a timely manner that matters ...and because he matters it is fortuitous
that you can read Bill Bonner free of cost by subscribing to his free daily
report. Look at it as your daily bread. |
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Good Guys Vs. Bad Guys - Good
Guys Vs. Bad Guys- But as a creed, conservatism has lost
all its adherents, in America at least. As a philosophy, it has practically
disappeared. As a political movement, it has dropped dead. Everyone likes
new things now. 13-Oct-04
In Praise Of Cowards - In
Praise Of Cowards - One of the many conceits Americans
permit themselves is that they bravely face up to the world's terrorist
menace, while others - most notably, the French - cower in fear. Elsewhere,
in the International Herald Tribune, comes a letter to the editor in which
the writer takes issue with an apparently widespread report that John Kerry
is worried about looking "too French" and that this is a sign of "weakness"
in the eyes of the lumpen voters. 27-Apr-04
Progress Bakwards - Progress
Bakwards - "The mortgage-stones that covered her, by
me, removed - the land that was a slave is free..." 18-Mar-04 |
| The Daily Reckoning is written
by Bill Bonner -Bill Bonner is the founder and president of Agora Publishing,
one of the world's most successful consumer newsletter publishing companies,
and the author of the free daily e-mail The Daily Reckoning. He's also
a frequent contributor to Strategic Investment. |
| Bill's passion for international
travel and big ideas are reflected in the companies he's successfully built.
In 1979, he began publishing International Living and Hulbert's Financial
Digest . Since then, Agora has grown to include dozens of newsletters focusing
on finance, health and travel. Since the early '90s Bill has vigorously
expanded from Agora's home base in Baltimore, opening offices in London,
Paris, Bonn, Waterford, Ireland and Johannesburg, South Africa. |
| Agora's publication subsidiaries
include Pickering & Chatto , a prestigious academic press in London
and Les Belles Lettres in Paris, best known as a publisher of classical
literature. |
| Mr. Bonner is the author, with Addison
Wiggin, of the New York Times Business best-seller Financial Reckoning
Day: Surviving The Soft Depression of The 21st Century (John Wiley &
Sons New York, London). |
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Visit
The Daily Reckoning Website
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 Financial
Reckoning Day : Surviving the Soft Depression of the 21st Century
- This worthwhile, well-organized book presents insights into the current
U.S. economy by comparing contemporary economic events with historical
ones, especially such systems as Japan's in the 1990s and the United States
in the 1930s. Find out why high-spending, high-borrowing consumerism leveraged
the U.S. economy and also what the "soft depression" means for investors.
(Best Business Books 2003, Library Journal, March 15, 2004 |
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Rancho Santana -
Pacific Coast Nicaragua - Rancho
Santana - Pacific Coast Nicaragua - Nearly 150 people
have purchased their own piece of Rancho Santana property. And a dozen
of these people have already built spectacular houses as rental and vacation
properties. In fact, I've built my own place at Playa Escondida. My family
and I spend as much time as possible there every year. By Bill Bonner 05-Apr-04
Lost In Space - Lost
In Space - A remarkable combination of self-delusion
and self-satisfaction seems to be driving Americans to self-destruction.
Limited government...balanced budget...fewer regulations - Republican principles
from the Eisenhower era might have protected them. Too bad Republicans
no longer believe in them. 18-Feb-04
Advice And Conviction For The
New Year - Advice
And Conviction For The New Year - "My Administration is making
America safer, more prosperous, and better. We are meeting the challenges
of our time," says George W. Bush in his end-of-the-year message. "Our
armed forces, joined by our allies, are on the offensive against terrorist
enemies around the world. Saddam Hussein is no longer in power and we are
hunting down al Qaeda leaders and al Qaeda terrorist cells and bringing
them to justice. Fifty million people in Afghanistan and Iraq have been
liberated from tyranny and our homeland has been made more secure. 18-Dec-03 |
The Madness Of George II - The
Madness Of George II - The list of stable paper currencies
built by central bankers is as short as the list of stable democracies
built by armed invaders. Some basic grease in the human heart seems to
work against them. When bankers discover that they can increase the supply
of money simply by printing up some worthless paper, they don't seem able
to stop themselves. Soon, there is too much paper and it becomes worthless.
And when foreigners invade a country - even foreigners who think they have
a better idea how to run the place - the locals seem to resent it. That
may not stop us from hoping. But readers might want to check the odds -
just in case. 21-Jan-04
Tyranny Of The Here And Now -
Tyranny
Of The Here And Now - What can the Dead and the Unborn
tells about what we should do in the future. How important is the past
to the present and what is our obligation to those who will follow us.
Sometimes history seems like a trick that we all have to live within or
try to avoid, but its lessons are obvious. The above article susses out
some of these ideas and others. 19-Nov-03
Poor Houses - Poor
Houses - It's funny how everything around us shrinks in value
- cars, computers, and money - but most people think their house only grows
in value. The Nobel Laureate, Elias Canetti, once said that inflation shrinks
a man psychologically as well as materially. He saw the seeds of fascism
in inflation. Read the above article to see if the value of your home will
be maintained or will it too shrink in value. 07-Nov-03
God, Man & French Chefs -
God,
Man & French Chefs - Motivations For Living In France
~ by Bill Bonner - Why would someone live in France? Well, I can think
of a number of reasons and Bill Bonner has more than me. The above article
takes a look at why Americans love living in France so much. To live overseas
you have to have humor and Bill uses humor as his way of showing you his
motivations for living in France. 18-Sep-03
A World of
Sin and Sorrow - Click
Here - It will be a sad day for many people when the bubble pops. But
it may be a happy day for those people holding gold. Where might the price
go? Doug Casey offered some guesses in his recent issue. Dividing the U.S.
gold supply by the money supply -- M1 -- he figured the price of gold should
be $4,214 an ounce. Dividing the accumulated U.S. foreign trade deficit
by U.S. gold holdings produces a similar number...about $4,000 per ounce.
The Best
Investment for the Next 10 Years - Click
Here - This psychological turnaround will have its objective correlatives...its
"reasons" that investors can point to in order to rationalize their unwillingness
to buy stocks at $3 that they couldn't wait to buy at $30 a few months
before. It will have its "bad news" -- the same sort of news that might
have been reported as "good" news when the public mood was different. And
it will have its boosters and pitchmen. People who today claim that it
is irresponsible not to be in stocks will urge you to put your money into
CDs, or bonds or real estate...or maybe collectible computers. It will
be another new era...
More? -
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Here - Visit the Daily Reckoning website - The advice, the wit and
the wisdom of Bill Bonner is a commodity that is priceless - it's clear
that it is a pretty good deal when you can get this sort of information
free, because free is a very good price. Bill Bonner is the publisher of
International Living Magazine as well as a number of hardcopy investment
publications. We recommend that you try his newsletter for a few
weeks, you can always unsubscribe -
It Takes
a Village Idiot - Click
Here - All of the countries that comprised the former Soviet Union
called themselves democracies. They were not pure democracies, of course.
Citizens could vote...but only for one candidate, usually someone no one
really wanted. In America, by contrast, there are usually two candidates
-- neither of whom anyone really wants. Twice as much of nothing.
Predictions
for 2000 and beyond - Click
Here - Voters have already lost interest in the next presidential election
-- and it is still 10 months away. They are bored with the candidates and
tired of the whole numbskull process of electing them.
Death Rattle
for the 20th Century -
Click
Here - The hallmark of the 20th century was the abandonment of private
life for empty promises of mob politics. Hitler began by promising property
and national pride. He then initiated campaigns to make life safer and
healthier -- gun control and anti-smoking efforts were not born in America;
they were products of Nazi Germany.
The Century
of a Woman - Click
Here - The concept of harassment will be expanded too. Women find men
lovable, at some level. But what woman doesn't also find them a pain in
the neck? The idea of harassment is infinitely elastic -- and will be stretched
in order to condemn any kind of behavior which goes against the feminizing
motif.
The Wasteland
- Click
Here - almost everyone expects the next century to be dominated by
America... by its culture, its businesses, and its stock market. Nearly
every editorial page makes some reference to "American Triumphalism." Nearly
every editorial writer is appalled by McDonalds... and contemptuous of
the great hoi polloi of middle-class America... but proud to sit with them
on top of the world. My prediction: they will slip from their perch before
the end of this decade.
Wall Street
and Main Street Come Together - Click
Here - I noticed, for example, in a popular internet message that is
making the rounds, that there appear to be far more crooks, spouse abusers,
deadbeats and bankrupts in Congress than random chance would permit. The
bounders are drawn to Washington just as Willie Sutton was drawn to banks.
And it wouldn't take a soothsayer to predict what kind of mischief they
would get into there. The crooks will rob us. The deadbeats will cheat
us. And the abusers will batter us. The others will just bore us to death.
Imagination
Takes Flight - Click
Here - An article in "Forbes" this week shows how hard it is to make
money betting on new technologies. First, it is almost impossible to know
if the technology will actually work. Second, even if it does work, it
may never find a successful commercial application. And even if it overcomes
that problem, the company you buy may turn out to be a loser for other
reasons.
Nowhere
Man - Click
Here - Then...there are stocks in the former Soviet Union. I just got
a report from James Passin's employers at the Firebird Fund that tells
of some of the values available. How about a company with 1 billion barrels
of oil...high-quality oil reserves...valued at a level that prices the
oil at just 2.5 cents per barrel? You could buy the whole company for the
price of a few 60-minute TV ads on Superbowl Sunday. Heck, you could probably
buy it with the loose change under the seat cushions in the Amazon.com
boardroom.
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Reckoning is a FREE e-mail service of Agora Financial Publishing -- dailyreckoning@agora-inc.com
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