Dan Denning

$22 trillion and QE4EVA… The inflation temptation and gold or government bonds?… Flow towers, victory gardens, and boltholes… NEW PLYMOUTH, TARANAKI – The Fed is going to make this sucker blow. That’s what I found myself thinking this morning, looking…

Editor’s Note: The Bonner & Partners offices were closed last Friday for the Thanksgiving holiday weekend. In lieu of our regularly scheduled Diary, we share the below guest essay from Bill’s righthand man, Dan Denning. As Bill reported previously, central…

Editor’s Note: Last week, President Trump accused Silicon Valley giant Google of censoring conservative-leaning articles in its search results. Google denied the charge. But Dan Denning, Bill’s coauthor on The Bill Bonner Letter, thinks the president might be on to…

You shouldn’t ignore genuine opportunities to make money. Did you see that Microsoft sold $17 billion worth of bonds on Monday? The US tech giant is one of just two US corporates with an AAA credit rating (the other is…

Surprise! Your usual host, the lovely Nick O’Connor, is out today. Well, he’s preparing for a sit-down interview with Eoin Treacy (from Trigger Point Trader and Frontier Tech Investor). Eoin’s flown over from Trump-ravaged America and has a hot new…

Oh what a tangled web the markets are weaving for us today, dear reader! All the post-Trump trends in the market – strong dollar, strong oil, falling bonds – are under threat. But the biggest threat to stocks could come…

We interrupt your normal edition of Capital & Conflict for a chance to take a broadside at conventional wisdom. The opportunity presents itself courtesy of the mouthpiece of “received wisdom” in the British financial media. It’s a target rich environment…

There are two looming sources of political instability that could lead to market volatility in the next month. The first is clearly the US elections. The second is what happens after the US elections. If I’m right, the aftermath of…

Well it looks like I picked the wrong day to trash hydrocarbons. Yesterday I quoted FactSet data suggesting that earnings in the S&P 500 energy sector could fall by 66% in the third quarter. They still could, mind you. But…

Repeat after me: There is no recovery in corporate earnings. There is only an explosion in debt, driven by central bank policies that have produced no growth and wasted time. Time is the most precious resource of all. Its misallocation…

Today we pen an ode to easy money and bull markets without regret (or critical thinking). Maybe it’s not worth it to fight the Fed, or to point out how low interest rates have inflated stock and bond prices. Maybe…

There’s no way around it so let’s get straight into it. In today’s letter, we have to deal with what the US Federal Reserve did and said yesterday. Let’s begin with the end in mind and conclude the following: the…

Promise me something today. Okay, you don’t have to promise. But do your best. Remember this: a better, wealthier, happier future with less human suffering is built by human beings trading in free markets, not governments or chairpersons of the…

First, a correction from last week on the total per capita cost of Brexit, according to Bloomberg economist Tyler Cowen. You’ll recall that Cowen said you could expect a 10% decline in British exports because of a weaker (long-term) pound…

Everyone who’s anyone (in the office) is talking about Chinese debt levels. It was all the rage, thanks to the most recent quarterly report from the Bank for International Settlements (BIS). And what a page turner it was! I jest….

A question to begin today’s letter: how do you turn an unpopular academic concept into an everyday legal reality for millions of people? Think of this question in the spirt Jack Ryan tackled a similar problem in The Hunt for…

Well it’s beginning to get embarrassing for the Brexit doom-mongers. The UK’s unemployment rate hit an 11-year low of 4.9% in July, according to the Office for National Statistics (ONS). There are 31.77 million Britons in the workforce. The workforce…

All hat and no cattle. That’s what Janet Yellen and her crew at the Fed are now. They’re all talk. No action. The evidence is in Monday’s rally in US stocks after Fed member Lael Brainard gave comments that only…

How hated is cash? Maybe you thought it was just the academics and the financial authoritarians that are trying to get rid of it. No. It’s investors too. There are some investors who hate cash so much they’re willing to…

Oh dear. It’s the proverbial Catch-22 for Mark Carney, Mario Draghi, Haruhiko Kuroda and Janet Yellen. Declare victory in the war on deflation and end QE too soon, and you get yourself a bond market crash. Keep fighting the bad…

The summer ceasefire in the markets is over. The war – against deflation, against savers and against cash – is hotting up again. But which monetary generals are fighting the last war? And which front line is about to collapse,…

Those G20 leaders in China better enjoy the champagne and caviar while they can. The next G20 meeting of world leaders isn’t until July of next year, in Hamburg. The world may be a very different place by then. You…

Well if this is the Brexit disaster the establishment predicted, bring on the sequel! Not to be too flippant, but the news just keeps getting worse if you expected Brexit to trigger an immediate catastrophe in Britain. That doesn’t mean…

You go away for one single week to the Scottish Highlands to get away from it all and what happens? A Harvard economist comes out guns blazing against cash and the drug dealing perverts who use it. Then the stockmarket…

Today’s letter is going to finish where Thursday’s left off: in the future. I’m going to show you how everything has come full circle. Manufacturing will come back to America and Europe. Robots will replace humans. And then the robots…

It began in Pittsburgh. And it wasn’t Google, Tesla, or Ford that did it. It was Uber. I’m talking about using your phone to summon a self-driving car. It’s always where this was headed. Electric car drones replacing black cabs…

The Industrial Revolution is complete. Dan Denning explains why we’re now on the cusp of a new, greater revolution – one driven by technology.