Bill Bonner

When the mob turns against the rich, some of the rich put on rags and join them. CNBC: The granddaughter of Roy Disney, co-founder of The Walt Disney Co. with brother Walt Disney, said [last] Thursday on CNBC’s “Squawk Box…

GUALFIN, ARGENTINA – First, the jobs report on Friday showed a big collapse in hiring. The official numbers showed 20,000 new jobs added in February, a far cry from the 170,000 that were expected. Then, the Atlanta Fed said projected…

GUALFIN, ARGENTINA – Stocks ended last week on a low note, after a jobs report showed the smallest gains since 2017. Larry Kudlow – the president’s director of the National Economic Council – was on TV almost immediately explaining how…

GUALFIN, ARGENTINA – A Washington Post headline caught our eye on the weekend: “Trump to slash spending” At last! Our eyes lit up. Our pulse raced. Finally, the Great Disruptor was disrupting something that really matters. Slash spending! Cut the budget! Fire…

LA PAMPA GRANDE, ARGENTINA – Comes word that the Democrats are up to more mischief. Senator Brian Schatz (D-Hawaii) was expected to introduce a new tax bill earlier this week. The senator says his bill would tax the sale of…

GUALFIN, ARGENTINA – The news is full of absurdities, trivialities, and just plain dumb things. But some of them are revealing. But we interrupt our dot connecting with a brief travel update. We’re visiting a neighboring farm (6 hours’ drive…

GUALFIN, ARGENTINA – “It’s amazing that any of us survived at all,” said Natalio, sitting in the back seat of our truck, holding on to the passenger grip above the seat to cushion the bumps and turns, as he recalled…

GUALFIN, ARGENTINA – Mike Pence told the crowd at CPAC (Conservative Political Action Conference) that “we will never be a socialist country.” What was that? A prediction? Or just political BS? Already, America’s medical system – 17% of the economy…

GUALFIN, ARGENTINA – As the quality of government declines – from Jefferson and Adams… to Dubya and The Donald – the observer needs a broader sense of humor. Where he used to titter over a bon mot… or smile wryly…

GUALFIN, ARGENTINA – What a week! Cohen, Kim, Powell, Xi, Putin – We could barely keep up with the excitement. But, strangely, investors were blasé… It didn’t matter to them that the president’s own lawyer accused him of impeachable offenses…