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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

    China: A Riddle Wrapped in an Enigma • November 22, 2009

    Too many and too few people…too much and too little money…a history so epic many would rather forget it and a future so uncertain everyone is willing to gamble on it. One sometimes gets the feeling that China’s economy is beyond control; a behemoth, the likes of which the world has never seen, hurtling forward …Read more…

  2. Daily Reckoning

    Thrift Spoils Everything in a Consumer Economy • November 15, 2009

    “Those damned consumers and their whiny confidence readings!” the Feds must be cursing. Sentiment dropped to its lowest in three months, according to the Reuters/University of Michigan preliminary index. Apparently the consumers aren’t reading the papers. Don’t they know a recovery is underway?
    After all, the S&P finished up for a second straight week, higher by …Read more…

  3. Daily Reckoning

    The Fiscal Plight of the “Man on the Street” • November 2, 2009

    An interesting thing happened last week. On Thursday, the government announced its “all important” GDP figures for the September quarter. The results bettered the Street’s expectations and promptly sent investors into a buying frenzy. The S&P 500 finished the day up 2.3%.
    But by Friday, investors were scratching their heads with one hand…and hitting the “sell” …Read more…

  4. Daily Reckoning

    The “GDP Fraud” • November 2, 2009

    If GDP is telling us that the US economy is steadily improving, how come so many folks on Main Street feel so bad? Don’t they read the papers? Don’t they know the GDP is improving?
    The short answer to these questions is that the GDP calculation is a fraud…or perhaps it’s a fraud wrapped in a …Read more…

  5. Daily Reckoning

    A Bad Week for the Australian Economy • November 1, 2009

    One of the first things one notices about Australia after having been away for any length of time is the arresting color scheme. We rode the train from Brisbane Airport down to our family’s house here on The Gold Coast this morning. The track weaves through a rich tapestry of yellows and oranges.
    Almost everything is …Read more…