Bonner Private Research
Daily, weekly, and monthly investment research and analysis for individuals from Bill Bonner, Tom Dyson, Dan Denning, and other members of our private research network.
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- #27
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- #14
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- 72K
- Paid subscribers
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- Recommends
- 14
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What they write about
Daily and weekly essays from a small research team, written in a discursive, historical style. Recurring subjects include government deficits and money printing, long-term bond yields and the dollar, resource scarcity, and the long arc of empires and currencies.
- macro
- government debt
- bonds
- us dollar
- monetary policy
- commodities
Recent examples: The Cadence of Death Itself · What Really Caused It (cont.)
Written from Bonner Private Research’s own published post titles and openings in Sep 11, 2026. It describes the subjects the newsletter covers, not its views, and is not investment advice.
Growth history
Subscribers (thousands, nightly)
72K on Sep 10, 2026 → 72K on Sep 30, 2026
Followers (thousands, nightly)
Rank in Substack’s finance leaderboard: #27 today · #26 a week ago
Stats worth sharing
Tracked since Sep 10, 2026 — 21 daily snapshots so far. The card below is built from what we track and refreshes nightly.
- Percentile
- Top 6%
- Best rank seen
- #23
- Rank, 7 days
- −1 place
- Followers added
- +158
- Posts
- 32
- Reactions per post
- 104
- Reactions tracked
- 3.3K
of 525 ranked finance newsletters
on Sep 14, 2026
since tracking began
last 30 days
average, recent posts
across 32 posts
Most-reacted post we have seen: Tough as a Cossack — 167 reactions on Sep 18, 2026.
Recent posts
- The Cadence of Death Itself
King Louis XIV of France, The Sun King. Source: Getty Images Tuesday, September 29 th , 2026 Bill Bonner, from Ardmore, Ireland The big news yesterday was this. Interest rates are shooting up. Asia Times : Japan flashed the first warning, with 10-year yields hitting a 30-year high near 3%. [Last] week, US Treasuries followed, with yields reaching levels unseen since 2007 — traders called it “Black Wednesday.” Thirty-year yields sit at 22-year highs; 10-year yields are at two-decade highs. Longtime Bonner Private Research sufferers ( you have our sympathy ) will remember 2020, when the 40-year…
- What Really Caused It (cont.)
Monday, September 28, 2026 Bill Bonner, from Ardmore, Ireland Today, we pick up where we left off on Friday. Why have mainstream voters turned against mainstream political parties? The answer, we think, is that the Big Tent politicians — Republicans and Democrats — have run out of material. No more bearded ladies. No more strongmen or magicians. And someone seems to have let the elephants run loose. The latest, and greatest, of the showmen — Donald Trump — tried a revival, by bringing in more freaks and high-wire acts. But even the most loyal fans are walking out. Newsweek : Marjorie Taylor…
- Woah, they’re so broke
Chiswick, West London Wednesday, September 25 By Tom Dyson, Investment Director
- What Really Caused It
Friday, September 25, 2026 Bill Bonner, from Ardmore, Ireland
- The Biden Line Shuffle
Source: Jackson Hole Economics Thursday, September 24, 2026 Bill Bonner, from Ardmore, Ireland Yes, I know I’ve been untrue I have hurt you through and through But have mercy on this heart of mine Won’t you take me back and try me one more time —Ernest Tubb The approaching midterm elections walked upon the stage yesterday. The Republicans are now the ruling party; what do they have to offer but ‘more of the same’ in November? But more of the same is not what people seem to be pining for. Who lusts after $6-a-gallon diesel fuel? Wall Street Journal : White House Considers Ban on Diesel Exports…
- Intelligence Bust
- Pity the Poor Patriots
Source: Getty Images Wednesday, September 23rd, 2026 Bill Bonner, from Ardmore, Ireland Eventually, I think people’s pocketbooks are going to impose reality on them and they’re going to quit watching Fox and pay more attention to the gas prices. —Thomas Massie Much of what passes for ‘news’ is of the comic book variety. There are good guys and bad guys. Readers are meant to cheer the good guys, no matter what they do...and curse the satanic forces undermining the Republic. Just in the last few weeks, we noticed at least three new ‘news and opinion’ outlets crowding our inbox…
- Hurricano
Tuesday, September 22nd, 2026 Bill Bonner, from Ardmore, Ireland Today, we talk meteorology. We are looking at three huge storms...each one with winds driven to gale force by official imbecility...each one gathering strength...and each one whipping up rain and waves into what could become a howling nightmare. What happens when they join forces? The first one is the oil/war hurricano. It seemed easy enough at first. The US would send its thunderbolts onto Iran. Send its leaders to whatever paradise awaits them. Then, they would know they were licked, and sign whatever paper was put before…
- Back to the Zoo
Source: Getty Images Monday, September 21st, 2026 Bill Bonner, from Ardmore, Ireland We’ve been using “inflate or die” as our model for the path of the crisis. I’m retiring the model. “Inflate or die” i…
- BPR Week in Review
- The Three Factor Problem
Friday, September 18th, 2026 Laramie, Wyoming By Dan Denning, Research Director About seven weeks. That’s when we’ll know who controls the next Congress. And we’ll know if the IRGC has been trying to wait out the Trump Administration, keep the Strait of Hormuz closed, and end the war on favorable terms. Seven weeks. Markets don’t have to stay idle until then. They won’t. They never do. In fact, today I’m going to look at a convergence of factors that suggest what five year total returns might be from today. But first, it’s worth thinking ahead to what might happen…when things change. Or if…
- Tough as a Cossack
Friday, September 18th, 2026 Bill Bonner, from Ardmore, Ireland ‘Honey watch out,’ a woman said to her husband over the phone. She had called him after seeing on TV that a car was spotted driving the wrong way on a major highway. ‘Some dope is on the wrong side of the highway.’ ‘Are you kidding,’ answers the elderly driver. ‘There are dozens of them.’ The ferry back from Cherbourg to Dublin was pleasant...and restful. The gentle heaving of the boat put us into the deep sleep of a man who can’t remember what he did wrong. But the next day, we picked up a package of snacks for the drive back to…
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Data: Substack public leaderboards and publication archives, refreshed nightly, plus public beehiiv sitemaps and recommendation pages, refreshed weekly. Source for this page: Bonner Private Research. Subscriber counts are Substack’s own rounded public figures, so week-on-week changes move in steps. beehiiv audience sizes are self-reported by the publisher and are not verified. Last snapshot: Sep 30, 2026.