Just after I posted today, I ran across two posts from March that I wrote on government and private debt that are related to theme of today's commentary on potential housing bubbles in Germany and Sweden. I am writing here to more tightly couple the primacy of monetary policy and equity market multiple expansion or contraction.
The gist of today's commentary was that housing bubbles in Europe are the outgrowth of the same policies that led to housing bubbles in the periphery and the U.S. last d...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.