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.

Daily

Bears forced to raise targets

Edward Harrison Jul 7, 2020

I am back from the 4th of July weekend here in the US. I have a few new thoughts to share with you today. But, my overall macro view remains the same - namely that the US has recovered from recession but downside risks to the US economy and…

Daily

‘Bullish’ takeaways from US jobs data

Edward Harrison Jul 2, 2020

Very briefly here The jobs numbers coming out the US today are emblematic of the re-opening recovery that has fuelled the rally in US equity markets. Payrolls rose by 4.8 million in June, adding to the upwardly revised 2.7 million on May.…

Daily

News flow as European shares outperform the US

Edward Harrison Jul 1, 2020

Happy Wednesday. From what I can discern, the macro outlook is largely unchanged today. So, I thought I'd take a stab at presenting the news flow that most grabs my attention to put it in context for you. The framing here is that we…

Markets

Some brief thoughts on the second coronavirus spike and financial markets

Edward Harrison Jun 29, 2020

With financial markets seemingly untethered from the real economy, it's not clear what impact differential viral outcomes will have on risk assets. Because of central bank intervention and the potential of that intervention to put a floor…

Daily

The Fed’s stress tests and severely adverse outcomes

Edward Harrison Jun 26, 2020

I am reading the US Federal Reserve's bank latest bank stress test analysis because a colleague sent me an alarming note about it. And so I wanted to run my thoughts by you. I like the fact that the Fed is thinking in probabilistic terms…

Daily

The reverse-radical and W-shaped recoveries

Edward Harrison Jun 25, 2020

You guys are my guinea pigs today. I have a 4PM shoot for the Real Vision Daily Briefing and realized that I haven't organized a theme in my head for it. So I am going to use today's newsletter to put pen to paper. And in the interest of…

Daily

Re-opening, the pandemic and a potential double dip

Edward Harrison Jun 24, 2020

This is going to be a relatively short post (I hope). My aim is just to bring together all of the thinking from my recent posts into one shorter narrative. And I'm hoping I can do that successfully here. So, here goes Pre-lockdown economy…

Daily

The coronavirus pandemic is worsening

Edward Harrison Jun 22, 2020

As this is a finance site, I have tended to steer clear of writing about what's happening with the novel coronavirus. But, that's hard to do since it is the single most important factor in all of our lives. So, I'm going to give you an…

Daily

Fed asset purchases and Hyman Minsky’s two price system

Edward Harrison Jun 18, 2020

Earlier this morning I tweeted an old blog post I wrote two years ago because I think it's relevant to what's happening in the economy right now. And so, I want to use this post to explain what that old post was about, and how that old post…

Daily

The recession is over

Edward Harrison Jun 16, 2020

The retail sales data coming out this morning makes clear that the recession that began in February is now over. The forward-looking questions go to what the shape of the recovery looks like, what the policy response will be and how asset…

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