The Global Debt Binge Is Worse Than You Imagined

Just when debt-addicted American companies were starting to worry that Federal Reserve Chair Janet Yellen was going to take their proverbial punch bowl away, along came Mario Draghi.

The European Central Bank president has made borrowing so cheap in the region that foreign corporations are selling record amounts of debt.


This Is Why Your Wages Aren’t Rising…

Since the 21st century began, the average US household has lost income. Why has this happened? One answer we proposed to readers of our new monthly publication, The Bill Bonner Letter, was that three of the leading economic zones – the US, Europe and Japan – have come to be dominated by old people.



Worse Than 2008…

First, because debt is higher today than it was then. Six years ago, the official public debt in the US was under $10 trillion. Now, it’s about $18 trillion. Total debt is higher too – about $50 trillion in 2007; it’s now closer to $60 trillion.


Saving the World from Old People

In the U.S., older voters control both political parties. They control most major corporations. They dominate all major industries. They have their pensions… their health care programs… their stocks… their bonds… their place in the sun.


blowing up - dollar hotter than napalm

I Never Thought I’d See This in America

All over the developed world, the policies that failed are not being thrown out; they’re being stepped up. Stupid. We recognize that our views sometimes seem contradictory. For example, we see central banks pushing up stocks. But we still advise readers to get out.


The American Dream – Moonshine and Scam

When we left you yesterday, we were trying to connect the bloated, cankerous ankles of the US economy to the sugar rush of its post-1971 credit-based money system. Today, we look at the face of our government. It is older… with more worry lines and wrinkles.



Why I’m sending a Crash Alert now

Where is that old-and-tattered “Crash Alert” flag?

Many times since the start of the rally in U.S. stocks in 2009, we hoisted it. And many times has it failed to give us a useful signal.


$20 Oil?

The falling price of crude oil was first thought to be a good thing. Consumers could spend less on gasoline. But a 60% drop in the price of the world’s most important commodity can’t happen without major disruptions.

A lot of investment decisions had been based on oil selling for over $75 a barrel. Now that it’s trading at about $50 a barrel, there’s $25 missing from every barrel sold.