Truth will out

Markets can rise far longer than seems rational. But when a bubble finally bursts, the losses can come frighteningly fast. Bill Bonner looks at what happens when speculation gives way to deflation – and why protecting yourself from the Big Loss matters more than chasing the next Nvidia.

The end of an Apple era and the start of another $4 trillion

Apple’s next chapter could be driven by folding iPhones, AI-powered devices, and a renewed focus on engineering. But Sam Volkering believes the biggest opportunity may lie further down the supply chain… with the little-known component makers building the technology Apple needs for its next US$4 trillion.

It’s the debt, stupid

Western governments spent decades making promises their economies could afford. Now, ageing populations, mounting debt, and rising interest costs are changing the equation. Bill Bonner explains why voters are turning to the political fringes – and why the reckoning may only be beginning.