Dice Have No Memory: Big Bets and Bad Economics from Paris to the Pampas

Dice Have No Memory

Big Bets & Bad Economics from Paris to the Pampas

A decade in financial market chaos as seen through the eyes of The Daily Reckoning’s Bill Bonner

“Bill Bonner is truly one of the best financial writers of out day.” – Morgan Housel, The Motley Fool

“Back in 2000, Bill Bonner announced his trade of the decade. It was a simple one: Sell dollars, by gold….At the time, Bonner saw what most others did not. He saw the U.S. not as an economy carefully and cleverly managed by then Federal Reserve chairman Alan Greenspan and his passion for low interest rates, but as a massive credit bubble waiting to burst….Bonner had a good decade, making returns of 400%-plus. The question now is will he have another one? I suspect he might.” –Merryn Somerset Webb, Financial Times, (Dec. 11:2009)

“For better or for worse, my entire education in economics comes via Bill Bonner,” – Jenna O., World News Desk, Collapsenet.com, World Trade Center Environmental Organization