Review Of Bill Bonner and The Daily Reckoning (Economy) – Highly Recommended
The task of sorting through all of today’s economic news can be a daunting one, especially when the news you need falls mainly outside of the mainstream.
However, the challenge, as with most worthy endeavors, can offer up some pretty amazing rewards.
I’ve found a few gems along the way and for general commentary on the current economy, The Daily Reckoning is by far, one of the more brilliant.
You can tread safely here.
Bill Bonner weaves a clever narrative, covering and accounting for curent events, historical fact, society and psychology.
You can’t go wrong here folks. This is consistent and clean writing, worthy of a look and a spot in your Daily Understanding of Hard Money.
Clearly a von Mises disciple, he does manage to simultaneously quench the mainstream desire for the Keynesian fix by reporting macro economic data – including gold prices – however skirting the details of financial market manipulation – which we find crucial for fundamental silver and gold investing…
Bonner is a renaissance man….best-selling author, philanthropist, etc., and on and on. He began the parent organization, Agora, in 1979. The Daily Reckoning is about 10 years running. He is currently an ex-pat in France, but also has a home in Argentina and travels often.
Bonner’s posts (which you may also sign up for by email) happen 3-4 times per week or more. Again, they encompass the overall view (which I share) that we have come to a turning point economically and our day of Reckoning is here. He was on this beat 10 years ago and has not needed to change the tune.
I think you could probably get all you need from the Daily postings for the entire site – without signing up for the automatic emails (more about this in my review of the newsletter).
The way I keep uoo with Bonner is primitive. I copy and paste the article text into a note pad file to remove the formatting. You might lose a chart or two this way, but I like to think of myself as a more of a thinker than a statistician and the charts are too much eye candy. He has been correct in his ‘predictions’, but like any of us, will readily admit to fogginess about the short-term.
Each post us spun with a worthy 1000 words, spattering a few links here and there, covering the news from the contrary perspective, and always throwing in a friendly few personal observations for style.
There used to me more – not all together annoying – interruptions within the text, but these are largely missing of late. Comment are interesting, but the value is in the writing – not many do it better.
He has made it in this space. This is the big-time of economic commentary in our space- so he pretty much write what he wants – which is fun and good.
We believe that in order to appreciate the foundation of money, like most things, you need to see it from the ground level (this is me walking into a coin shop to pick of a few silver coins) while, consistently making the journey back to 50,000 feet to sniff the world view. (This is me reading The Daily Reckoning)
My only quip:
Bonner covers the 50,000 ft view very well, and will take his readers to the gold arena often (Call it 10,000 feet).
He goes to the street, via the macro-economic and personal anecdotes, but not quite to the ‘coin shop realm’.
But I don’t blame him.
In summary, I highly recommend this as a weekly, if not daily digest for any serious precious metal investor or simply, as Bonner states often eludes to himself, a contrarian economist who reports on the current financial reckoning.
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.