Dice Have No Memory: Big Bets and Bad Economics from Paris to the Pampas (Agora Series) - Hardcover

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William Bonner is President and CEO of Agora Publishing, one of the world’s largest financial newsletter companies. He is the creator of The Daily Reckoning, a financial newsletter with more than 540,760 readers of six different global daily editions, including French and German. Bonner coauthored with Addison Wiggin the international bestsellers Financial Reckoning Day and Empire of Debt and coauthored his third New York Times bestselling book, Mobs, Messiahs, and Markets. He files his DR dispatches from a ranch in Argentina, the home office in Maryland, various joint ventures, and other hot spots around the globe.

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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

Aus dem Klappentext

Right now, Congress, the Fed, and the Treasury are all gambling with your future and you money. And it's contagious. Economies around the globe are suffering from the biggest multitrillion-dollar bets ever wagered on big governments and miraculous financial interventions in pretend "free markets."

One man saw it all coming and told his readers well in advance of today's crisis. Bill Bonner reports on the true health and well-being of the world's largest economy to over half a million readers each day in The Daily Reckoning. His newsletter is to the mainstream financial press what the Gnostic Gospels are to the King James Bible.

Back in 2000, Bill Bonner sounded like a prophet crying in the wilderness. While everyone scrambled to purchase shares of the latest and hottest dot-com, Bill announced his Trade of the Decade: Sell dollars, buy gold. Back in 2000, you could get an ounce for around $264. Today, you could pay as much as $1,400 for that same ounce. Finally, some of Bonner's best pronouncements, predictions, and profitable analysis are collected in one place.

Dice Have No Memory gathers Bonner's richest insights from August 1999 through November 2010 to form a chronological narrative of economics in America.

Here's a fraction of what you'll find inside:

• Gold Says "I Told You So"
• Three out of Four Economists Are Wrong
• Imperial Overstretch Marks
• Why Debt Does Matter
• Economic Zombies Shuffle Toward Bankruptcy
• The Episcopalian's Guide to Airport Security
• The Gaucho's Guide to Investing in Argentina
• And much more!

Bonner's Dice Have No Memory offers elegies for economists, tips for investors, tirades against wasteful warfare past and present, and practical guides to modern finance with graceful prose, well-eared intelligence, and riotous irreverence. Bill Bonner’s common sense genius rips the window dressing off modern finance – a world normally populated by misguided do-gooders, corrupt politicians, and big bankers empowered by dubious "mathematical" truths. The investing game is often rigged, just like Monte Carlo.

Instead of giving you magic formulas, this archcontrarian teaches you how to think clearly. And Dice Have No Memory gives today's investor the next moves he should make ... before it's too late.