Author

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. 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.

Markets

Saudi market grab wreaking havoc on deepwater capex and high yield energy bonds

Edward Harrison Nov 11, 2014

A month ago, I wrote a piece on zero rates, resource misallocation, and shale oil that warned of the potential negative impact that low oil prices could have on the funding for shale drillers and the potential contagion this drying up in…

Economy

Gavyn Davies on slow wage growth, household debt, and equity prices

Edward Harrison Nov 10, 2014

Gavyn Davies has a column up over at the Financial Times, which I think is a masterpiece at integrating a number of threads from different economic schools of thought into a composite picture of the global economy that makes sense. His view…

Economy

US hourly earnings disappoint… again and thoughts on Japan

Edward Harrison Nov 7, 2014

The big news this morning is the US employment report. The headline numbers were all good, though the add to non-farm payrolls came in below expectations. While this was a good report, the wage-related data were disappointing. Some thoughts…

News

The gun at Ireland’s head, Saudi maneuvering and more on US elections

Edward Harrison Nov 6, 2014

US elections Just to follow up on yesterday’s two posts, exit polling data from Tuesday confirm what I was saying about disenchantment with the U.S. economy despite the positive headlines. 58% of those casting ballots said they were…

Political Economy

More on the implications of the 2014 US midterm elections

Edward Harrison Nov 5, 2014

In my last post on what the US midterm elections mean, I wrote that the election was a referendum on the President’s leadership and that he had failed that referendum. It is not the President’s policies per se that have caused voter…

Political Economy

The meaning of the 2014 midterm US elections

Edward Harrison Nov 5, 2014

The US mid-term elections have just ended as a major victory for the Republican Party. And while I don’t do politics, being in DC affords me a front row seat to what’s going on. Below is my take on what happened, why and what it means for…

Markets

Central banks, interest rates, house prices and resource allocation

Edward Harrison Nov 3, 2014

A couple of weeks ago I told you about two properties in London that I was familiar with as background for my post on house price inflation in the UK. What was clear from those two examples and dozens of others I found is that rental yields…

Monetary System

Central banks, inflation, inflation expectations, currency wars and the Japanese experiment

Edward Harrison Oct 31, 2014

This is going to be a relatively short note focused on what is going on in Japan because of the news that Japan has ramped up its program of quantitative easing to new heights. Coming on the heels of the US Federal Reserve’s announcement…

Economy

The U.S. economy is doing well

Edward Harrison Oct 30, 2014

The GDP and jobless claims numbers for the U.S. came out today and they confirm the continued solid pace of recovery that has taken shape since Q2 began. GDP growth came in at a 3.5% annualized and initial jobless claims were 287,000,…

Markets

Economic and Market Themes: 2014-10-27 US, Europe and China

Edward Harrison Oct 27, 2014

I have a lot of threads to cover today. So let’s get right into it. New home sales. I want to start in the US first because the macro data backdrop is good. The first piece of data here is actually a bit soft and says that residential…

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