Bonner Private Research Podcast

“Wall Street focuses on earnings or quarterly earnings per share, adjusted earnings, adjusted EBITDA. All this garbage. And it's garbage because it's all adjusted and it's all in the hands of the wizards called CFOs, chief financial officers, and their departments. It's wizardry, it's not accounting.” ~ Eric Fry, editor of Fry’s Investment Report and The Speculator TRANSCRIPT: Joel Bowman: Welcome...

“[T]here are serious problems with our money system. You can either solve them in the way governments have solved them in the past, which is inflating away the debt, which is a huge quality of life issue for people right now on fixed incomes whose costs have gone up, whose rent has gone up, whose fuel has gone up, whose energy costs, whose food. That's happening now.” ~ Dan Denning, Publisher, Bon...

“I don't actually see the world through the prism of left and right, I see it more as authoritarian versus libertarian.” ~ Dominic Frisby TRANSCRIPT Joel Bowman: Welcome to the Bonner Private Research podcast. I'm your host, Joel Bowman. Each week we bring you exclusive conversations with members of Bill Bonner's Private Research team, as well as some special guests we'll meet along the way. We're...

“I actually find myself pretty optimistic just to see people out in the streets because realistically, this stuff has been going on for a while, like financial censorship, speech censorship. So just seeing people out in the streets is encouraging because ultimately, I don't think the people's will will be denied for too long.” ~ Adam Sharp, Start-up Investor and Editor at HIVE Blockchain Technolog...

“Much of the world's oil doesn't go to people just driving their cars to the mall. I mean, a big part of it goes to the trucks that pull everything around, to the ships that sail everything around, to the airplanes that fly everything around, to the plastics and to the precursor materials that go into everything that you wear. I mean, the buttons on your shirt, the soles on your shoes. It’s… every...

“I'm not a gold bug. I'm not a gold guy. I don't buy gold out of some philosophical distrust of the system or anything like that. I'm actually an investment guy. I like stocks. I like investments. And I intend to have our savings in the stock market most of the time.” ~ Tom Dyson, Investment Director for Bonner Private Research TRANSCRIPT: Joel Bowman: Welcome back to the Fatal Conceits Podcast, a...

“This is now the greatest financial crisis in American history. We don't know how long it'll last, whether it'll be something like the 1930s or whether it will be something more volatile and violent, but let's not be afraid to call it what it is.” ~ Dan Denning, Bonner Private Research TRANSCRIPT: Joel Bowman: Welcome back to the Bonner Private Research Podcast. I'm Joel Bowman coming to you from...

If you missed the energy briefing earlier today from Bill Bonner, Rick Rule, and Byron King, hosted by our Managing Editor Joel Bowman, we’ve uploaded the audio recording for you to replay at your leisure (it’s just over an hour and five minutes). It was a high-level discussion of the entire energy complex, from the trends in capital investment (and their impact on future supply) to the myths and...

Bill Bonner, reckoning today from Poitou, France... It’s Christmas Eve… Time for a break… We recorded “The Night Before Christmas” to send to our grandchildren.  We pass it along to you, too, in case you can use it. And we’ll be back on Monday; there are dots to connect!   In the meantime, we wish you a Merry Christmas and Happy New Year. Regards, Bill Bonner This is a public episode. If you'd lik...

Time stamps - A rough guide... (00:50) - Intro (01:30) - Addison’s intro... (02:50) - Omicron and the wrong way to learn the Greek alphabet (03:50) - Morris, Alive - A novel investigation into the “Idea of America” (04:50) - All fiction is, in the end, autobiographical - Jorge Luis Borges (05:50) - Why it has become fashionable to denigrate America (08:05) - A look inside American culture... from...

Time stamps - A rough guide... (03:00) - “Helllloooooo Bill...” (04:00) - Bill chimes in on the cult of St. Greta and the COP26 gabfest in Glasgow (06:10) - “A lot of people are making a lot of money out of this green stuff,” Bill Bonner (09:55) - Bill’s take on climate change: It’s a whole lot more complicated than that! (11:10) - Would we be better off with lower CO2? What’s the cost? Nobody kno...

01:30 - Exercise-induced boredom and economic life after the Fed’s tapering... 01:00 - Auditory enlightenment and the antidote to boredom... 02:30 - Life by subscription and the challenge of valuations in the ‘New Normal’ 05:30 - Building narratives to justify any old theory... 06:30 - The Great Intergenerational Wealth Transfer, from cash flow millennials to asset rich Boomers 08:30 - Asset bubbl...

Time stamps - A rough guide... (00:50) (02:50) - Bill Bonner (03:00) - Advice from father of the bride - Start saving now (04:00) - What to do when inflation hits 50% (Learn mental math!) (05:00) - Trends in motion accelerated by a pandemic (06:30) - The US follows Tokyo... all the way to Buenos Aires! (08:30) - How the country is going down the tubes... let us count the ways (12:00) - How might 2...

(00:50) - INTRO (02:30) - [START] Let’s get to our program... (03:00) - Chris Mayer’s Investment Book Recommendation: Silent Investor, Silent Loser - by Martin Sosnoff (03:30) - The case against custodial management and the concept of “skin in the game” (03:00) - Inside ownership over time and the trend toward duel classes of stock (07:00) - Egregious owner compensation as a potential red flag for...

00:50 - Intro 03:00 - Ronan McMahon 04:55 - The lure of Cabo... 05:55 - Zoom Towns - Ronan’s update on a long held trend 07:10 - Trends already in motion: The great COVID accelerator 09:10 - The global migration of the Digital Nomad generation 12:10 - International Living - The advantage of multiple passports and residencies 13:40 - Travel during the time of COVID - From New York to Panama City 17...

(00:50) - INTRO (05:30) - Interview with Dan Denning (06:00) - Told to disembark... (07:00) - Joel’s ESTA visa revoked... or canceled... or suspended... or....not? (09:00) - Please, sir! Don’t send me to the once and future penal colony! (10:30) - Dan’s move to Laramie and the best DMV in the country (11:30) - $80 billion dollars and 80,000 new IRS agents... coming to monitor YOU!! (12:30) - Is th...

Time stamps - A rough guide... 02:30 - Interview with Rob Marstrand 03:00 - Argentina, Peru and the ongoing Latin American COVID-19 disaster 05:00 - Lockdowns and military rule in Australia 07:00 - Argentina as a leader in terms of day-to-day freedoms 08:45 - De facto vs. de jour rules down on the Pampas 10:00 - Freedom of speech as an endangered animal 11:30 - Waking up in a 13th Century Venetian...

Time stamps - A rough guide... (00:50) - Intro (02:00) - START (02:15) - A marital disclaimer from Athens, Greece (03:05) - Don’t believe everything you hear (or read in the newspapers) (04:05) - Greece is open for business... Come visit! (04:45) - Exploring the ancient Greek concept of Xenia (05:45) - Time travelling to a pre-budget airline Europe (07:15) - Public space vs. private anxieties: dev...

Welcome to the No Buy List You’ve heard of the No Fly list before, no doubt... where people are flagged by the government as potential terror threats and denied their right to travel. As with all government programs, this one is rife with inefficiencies and wrongful accusations and plenty of innocent people get caught up in the dragnet. Well, now it’s time to get ready for the No Buy list... At le...

Eoin Treacy, our guest on this week’s BPR Podcast, reckons part of it has to do with our all being reduced to “mere cash flows.” Where our forefathers were typically asset oriented, younger generations tend to embrace a kind of “Life by Subscription” model, which is packaged and sold to them as trendy minimalism... but really represents a transfer of wealth from paycheck-bound renters to asset ric...

Up, Up and... away! Prices are on the move again, Dear Listener. Latest official figures (such as they are) tell us that Producer Prices rose 7.3% for the month of June. Consumer Prices were up 5.4% over the same period, the biggest CPI gain since August, 2008. Core producer prices were up 5.6% year-over-year. Where to from here, you might be wondering? To help answer that question, I caught up wi...

What can the average salary earner do to prepare for the triple specter of rising inflation, rising interest rates and rising taxes? What business do world-improvers and do-gooders have predicting the needs of the world 50 years out... while imposing their plans in the here and now? What happens to revolutionaries when it comes time to confront their own sordid pasts? I posed these questions, and...

There was plenty to discuss earlier this week when I caught up with my good mate and co-author of the Bonner Denning Letter, Dan Denning. From my temporary digs in Sarasota, FL. and his Rocky Mountain bolthole in Colorado, we looked at rising prices across the land, compared past recessions to the Great COVID Crash of 2020 and touched on a new term that we think you’ll be hearing a lot more of in...

Time stamps - A rough guide... (00:50) - Intro (05:13) - Talking with Chris Mayer (08:15) - American hospitality - how the travel industry is rebounding after a dreadful 2020 (09:30) - TSA throughput numbers approach pre-COVID levels again (11:20) - Consumerism rebounds - high end stores see roaring demand (12:10) - Savings rates go vertical - a global phenomenon (12:25) - The Big 3 - Rising Infla...

In this, Episode #27 of the BPR Podcast, I caught up with my old friend and founder of Agora Financial, Addison Wiggin. Over the course of an hour or so, Addison and I talked about the books that matter to him, why we should resist growing calls to “cancel” the western canon, how politics has changed over the course of the US empire, and why having fist fights at 40,000 feet is probably not a good...