2014 is a transition year for the United States because 2013 was the breakout year for growth. In the third and fourth quarters of 2013, US real GDP statistics showed annualized growth of 4.1 and 3.2% respectively. Official statistics also say that unemployment is at 6.6%, near the point where the Fed is to switch to a tightening bias. On the back of this growth, the Federal Reserve has begun tapering its large scale asset purchases. But underneath these numbers are points of ...
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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.