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Posts by: Joel Bowman

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Joel Bowman

Joel Bowman is managing editor of the Daily Reckoning and former managing editor of the  Rude Awakening. After completing his degree in media communications and journalism in his home country of Australia, Joel moved to Baltimore to join the Agora Financial team. His keen interest in travel and macroeconomics first took him to New York where he regularly reported from Wall Street, and he now writes from and lives all over the world.

  1. Daily Reckoning

    The Breakup of the Euro and the Alcohol-Induced Debt Crisis • March 17, 2010

    It is better to spend money like there’s no tomorrow than to spend tonight like there’s no money! – Irish toast.
    So the Irish have their excuse for the lamentable state of their nation’s economic affairs. They can blame it on the drink. But what say the Greeks…and the Portuguese…the Spaniards…Britons…Italians and, indeed, all the other …Read more…

  2. Daily Reckoning

    The Undeniable Wealth Potential of Emerging Markets • March 15, 2010

    A cool breeze blew in over our little island late this afternoon. The temperature is forecast to drop from a high of 90 degrees today to only 60 tomorrow. How quickly things can change…
    But we’re here to talk markets… If you took Friday off, you didn’t miss much. The Dow nudged higher by a fraction …Read more…

  3. Daily Reckoning

    Seeds of War, Part II • March 14, 2010

    Only the dead have seen the end of war. ~ Plato
    Although history is not totally devoid of examples to the contrary, it is a rare case indeed when a free and prosperous nation sees fit to take up arms against its neighbors. We must be especially cautious, therefore, during a time when freedom is under …Read more…

  4. Daily Reckoning

    Deciphering the VIX Index and the Rally in Overconfidence • March 10, 2010

    Hip hip, hooray! Hip hip, hooray!
    Our little big bull market celebrated its one-year anniversary yesterday, albeit in tentative style. The Dow managed to eke out an 11-point gain, while the broader S&P 500 fared only slightly better. Investors, it appears, are awaiting the next catalyst to keep the momentum going. But are they running out …Read more…

  5. Daily Reckoning

    Seeds of War • February 28, 2010

    A while back, our colleague, Chris Mayer, employed a wonderful analogy to illustrate the passage of time from the roaring twenties through to the dustbowl thirties. The former decade, Chris explained, was captured in essence by F. Scott Fitzgerald’s The Great Gatsby. It was a period ripe with wild speculation, fueled by an explosion in …Read more…

  6. Daily Reckoning

    Global Energy Outlook: Getting Worse Before It Gets Better • February 24, 2010

    Markets in the US ended yesterday’s session in the red. The Dow was off by 100 points, or around 1%. The broader S&P 500 fell a bit harder, down 1.3% at the close. Gold slipped, too. The yellow metal sunk below the $1,100 mark and now trades for about $1,095 per ounce. Oil gained a …Read more…

  7. Daily Reckoning

    S&P P/E Ratios: Following the Icarus Flight Plan • February 22, 2010

    The Dow rose 11 points on Friday, or 0.11%. Binary code enthusiasts aside, that’s not much to get excited about, neither for bulls nor bears. In fact, the past couple of months have pretty much been a wash. Both the Dow and the broader S&P 500 sit more or less where they began the year. …Read more…