Dan Steinhart, Managing Editor, The Casey Report, brings us an essay from Bill Bonner:
He’s written a wonderful essay explaining why suppression of interest rates will, without question, wreck the economy.
What I like best about Bill is how he explains things. It’s never some fuzzy academic theory. He draws everything back to the real world.
For instance, Bill doesn’t know if he should invest $400,000 to upgrade some apartments. Sure, it looks like a good idea, but only because borrowing money costs virtually nothing right now. Everything looks like a good investment when you can finance it with free money. That’s the problem.
This piece is from Bonner & Partners Family Office’s Strategic Review, Bill’s premium newsletter. My thanks to them for allowing me to share it for free, exclusively to Casey subscribers.
Bill has much to say, so I’ve split his essay into two parts. Tune in for Part 2 next week.