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

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

Will Bonner

ISBN: 978-0-470-64004-3

Apr 2011

330 pages

In Stock

$29.95

Description

Right now, Congress, the Fed, and the Treasury are all gambling with your future and your 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 gather's 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 Towards Bankruptcy

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-earned 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 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.
Introduction.

Chapter 1: The Incompetence of Economists.

Fight The Fed?

May 17, 2001.

The 17-Year Itch.

August 30, 2001.

From Funeral to Funeral.

November 21, 2003.

The Whacky World of Modern Economists.

October 08, 2004.

Disappearing on the Pampas.

October 31, 2008.

Inevitable and Disgraceful, But Still Unpredictable.

November 28, 2008.

Gonoism!

December 05, 2008.

100 Years of Mismanagement.

January 8, 2010 - Baltimore, Maryland.

Three Out of Four Economists are Wrong.

July 30, 2010 - Paris, France.

The Patsy Revolt of 2010.

March 12, 2010 - Mumbai, India.

Junk Science.

November 15, 2010.

Chapter 2: The Maestro's Last Helipad - The Conspiracy of Greenspan and Bernanke.

Greenspan's Put Is Shot.

December 8, 2000.

God, Man, and Alan Greenspan.

June 8, 2001 - Paris, France

Houses without Moats.

September 20, 2002.

Can Do Money.

April 25, 2003.

The World He Lives In.

May 2, 2003.

Poor House II - The miracle of No-Sweat Equity…

October 10, 2003 - Paris, France.

Take It Away, Maestro.

January 26, 2006 - London, England.

Incredible Threat.

August 6, 2010 - Ouzilly, France.

Plumbers Crack.

November 05, 2010 - Delray Beach, Florida.

Chapter 3: No Clairvoyants Need Apply.

More Perfect Unions.

April 4, 2001.

Bad Bets.

January 3, 2003.

Misleading Knowledge, Part I.

November 24, 2006.

Little Big Bubbles.

December 01, 2006.

The Best Kind of Wealth.

June 11, 2007.

Our NEW Trade of the Decade!

January 04, 2010 - Bethesda, Maryland.

The Great Correction…Still Pending.

April 6, 2010 - Baltimore, Maryland.

Chapter 4: War and Waste.

All Quiet on the Western Front.

November 11, 1999.

In Praise Of Group Thinking.

September 25, 2000.

The Dark Years.

September 12, 2001.

Tsar Of Arabie.

October 29, 2001.

Pearl Harbor.

December 07, 2001.

Too Big to Succeed.

March 21, 2002 — Paris, France.

Imperial Over-Stretch Marks.

March 05, 2004.

The Stain of Democracy.

February 04, 2005 — Paris, France.

The Good War.

January 30, 2009 - London, England.

Chapter 5: Borrowing Against the American Dream.

Honor Insolvency.

October 1, 2001.

Playing the Game.

December 27, 2001.

Even More Unexplanatory.

June 07, 2002 — Paris, France.

Land of the Free.

July 04, 2003.

Fantasies.

December 19, 2003 — Paris, France.

Lost in Space.

January 23, 2004.

Hoorah for Capitalism!

February 27, 2009 San Jose de los Perros, Nicaragua.

Ready for the Shovels.

February 20, 2009 - San Jose de los Perros, Nicaragua.

“Aughts” Ruined by Wall Street.

January 4, 2010 - Bethesda, Maryland.

US Economy in a Self-Made Vise.

June 16, 2010 - Delray Beach, Florida.

Why Debt Does Matter.

July 06, 2010 - Baltimore, Maryland.

Chapter 6: The Zombie State: When Goverment Fails.

Wealth, Poverty, and Blithering Idiots.

September 9, 2005.

In Gono We Trust: U.S. Inflation on its Zimbabwe Up.

February 3, 2009 London, England.

Welcome to Zombieland.

October 5, 2009 - London, England.

When Zombies Attack.

July 03, 2009 - London, England.

Central Planning and the Parasites It Creates.

February 24, 2010 - Baltimore, Maryland.

Government Growth Does Not Equal Economic Growth.

February 24, 2010 - Baltimore, Maryland.

The Zombie Economy.

March 1, 2010 - New York, New York.

Zombieland.

March 5, 2010 - Baltimore, Maryland.

Economic Zombies Shuffle Toward Bankruptcy.

March 23, 10 - Paris, France.

Tony Hayward Before Congress: No Sympathy for the Oil Man.

June 21, 2010 - Baltimore, Maryland.

Chapter 7: Back it with Bullion.

The Dow in Gold Terms…where to from here…

August 6, 1999.

Under The Big Top, Part Deux.

July 19, 2000 - Baltimore, Maryland.

The Revenge of Gold.

April 19, 2002 - London, England.

A Goldbug's Life.

December 2004.

Faith in Faith.

June 16, 2006 - London, England.

Gold Says 'I Told You So'.

January 17, 2008.

A Look Forward at the Final Stage of the Gold Bull Market.

November 9, 2010 - Baltimore, Maryland.

Chapter 8: The Gaucho's Guide to Investing In Argentina.

Earth's Bright Side.

September 27, 2002.

The Gaucho's Union.

April 26, 2006.

Hot Water.

April 21, 2007 - Gaulfin, Argentina.

Sowing the Wind, We Reap the Whirlwind.

April 11, 2008 - Buenos Aires, Argentina.

The Happiest Day in a Man's Life.

April 23, 2010 - Hualfin, Argentina.

Chapter 9: The Expatriate's Experiment Abroad.

The Accidental Investor.

February 19, 2001 - Ouzilly, France.

Planting Trees.

August 27, 2001.

The Episcopalian's Guide to Airport Security.

June 03, 2002 — Paris, France.

Reformation.

May 13, 2002 - Paris, France.

All Saints' Day.

October 31, 2003 — France.

The Money Pit.

January 14, 2005 — Paris, France.

Exiles Eternal.

July 7, 2006.

Chapter 10: The One Appointment We Must All Keep.

Momento Mori.

January 26, 2000 – Paris, France.

Thom Hickling, R.I.P..

December 28, 2005 – Rancho San Jose de los Perros, Nicaragua.

Requiem for an Economist.

September 12, 2007.

Frank Laarman, R.I.P.

December 1, 2009.

Remembrance of Fanny.

September 8, 2010.

Life Goes On.

April 23, 2010 - Gualfin, Argentina.

Acknowledgments.

About the Author.

Index.