Dice Have No Memory: Big Bets and Bad Economics from Paris by Will Bonner

By Will Bonner

Straight away, Congress, the Fed, and the Treasury are all playing along with your destiny and your cash. And it truly is contagious. Economies around the world are struggling with the most important multitrillion-dollar bets ever wagered on titanic governments and awesome monetary interventions in faux "free markets."

One guy observed all of it coming and instructed his readers good prior to modern difficulty. invoice Bonner reviews at the actual health and wellbeing and health and wellbeing of the world's biggest economic system to over part one million readers on a daily basis in The day-by-day Reckoning. His e-newsletter is to the mainstream monetary press what the Gnostic Gospels are to the King James Bible.

Back in 2000, invoice Bonner appeared like a prophet crying within the desert. whereas each person scrambled to buy stocks of the newest and preferred dot-com, invoice introduced his exchange of the last decade: promote cash, purchase gold. again in 2000, you'll get an oz for round $264. this present day, you may pay up to $1,400 for that very same ounce. eventually, a few of Bonner's most sensible pronouncements, predictions, and ecocnomic research are gathered in a single place.

Dice don't have any Memory gather's Bonner's richest insights from August 1999 via November 2010 to shape a chronological narrative of economics in America.

Here's a fragment of what you can find inside:

*Gold says "I informed You So"
*Three out of 4 Economists Are Wrong
*Imperial Overstretch Marks
*Why Debt Does Matter
*Economic Zombies Shuffle in the direction of Bankruptcy

Bonner's Dice don't have any Memory deals elegies for economists, advice for traders, tirades opposed to wasteful struggle earlier and current, and useful courses to fashionable finance with sleek prose, well-earned intelligence, and riotous irreverence. invoice Bonner's good judgment genius rips the window dressing off sleek finance - a global often populated via faulty do-gooders, corrupt politicians, and large bankers empowered through doubtful "mathematical" truths. The making an investment video game is rigged, similar to Monte Carlo.

Instead of providing you with magic formulation, this archcontrarian teaches you the way to imagine in actual fact. And Dice don't have any Memory provides trendy investor the subsequent strikes he should still make...before it truly is too past due.

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

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If at first the Fed’s cuts fail to boost stock prices . . Greenspan will try, try again—and keep trying until the market finally responds. And yet, anyone betting on government bureaucrats to win the War on Poverty, the War on Drugs, or any of its other wars since 1945 would have found himself on the losing end of the wager. Even the Fed itself has a reliable record. Charged with protecting the currency, it has done the exact opposite. In the 100 years preceding the creation of the Federal Reserve System, the dollar went up and went down, but it ended the period about where it began, worth as much in 1913 as it was in 1813.

In another, a man actually did scorch his own genitals before an alert passenger overpowered him and put out the blaze. In another, terrorists allegedly drove a vanload of explosives into Manhattan, but then were unable to get it to blow up. There were real wars too, even more expensive and even more absurd. ” An invasion was launched. The Daily Reckoning, always on the side of the underdog, the lost cause, and the diehard, doubted that the war was a good idea. Not that we had any opinion on who would win the war, or whether the world would be a better place as a result; we just thought it was mildly indecent for such a big country to pick on such a small one.

Com companies were managed by people with no business experience. Indeed, the lack of a track record was seen as a benefit. Ideally, what investors looked for was a callow CEO with his baseball cap on backward, who spoke the gibberish of the era. Incoherence and pimples were all the evidence they needed that the company was run by an Internet genius, untarnished by the rules and lessons of the old economy. The Nasdaq bubble blew up in January 2000. The Internet impresarios moved on—often to the mortgage industry.

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