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.

Commentary

How’s gold doing?

Edward Harrison Nov 1, 2013

The chart on gold is not looking very good. And it seems that retail investors have lost interest in the precious metal. Is this a correction within the longer-term gold bull market or is it a new secular bear market for gold? I have some…

Daily

Links: 2013-10-31

Edward Harrison Oct 31, 2013

News links for 31 Oct 2013

Commentary

The US criticism of Germany’s economic policy is correct

Edward Harrison Oct 31, 2013

The U.S. Treasury’s semi-annual currency report had surprisingly strong criticism for Germany. The U.S. claims that Germany’s macroeconomic policies are inherently deflationary, creating risk for further crisis. I agree with this criticism…

Daily

Links: 2013-10-30

Edward Harrison Oct 30, 2013

News links for 30 Oct 2013

Members

Understanding QE and the Fed’s predicament on tapering

Edward Harrison Oct 30, 2013

At 2PM ET today, the Federal Reserve is releasing the latest FOMC statement. Market players do not expect the Fed to taper its large scale asset purchase program because recent economic data in the US have been weak. Given controversial…

Daily

Links: 2013-10-29

Edward Harrison Oct 29, 2013

News links for 29 Oct 2013

Markets

Economics Noble winner Fama: QE is just an asset swap

Edward Harrison Oct 29, 2013

Fama has been doing research on QE for the last six months. And he basically tells Santelli that QE in the Treasury market is an asset swap of short-term government debt for long-term debt. Fama’s depiction of QE is accurate and mirrors…

Commentary

Apple’s profit falls in Q4 2013 on record revenue

Edward Harrison Oct 29, 2013

Apple set another record for revenue in its fourth quarter of 2013 according to its latest earnings. However, margins at Apple have receded such that profit fell for yet another quarter. Overall, Apple’s strategy now seems to be geared…

Daily

Links: 2013-10-28

Edward Harrison Oct 28, 2013

News links for 28 Oct 2013

Members

Yellen’s rule-based approach to forward guidance is coming

Edward Harrison Oct 28, 2013

I believe policy makers at the the Federal Reserve have soured on the marginal effectiveness of quantitative easing as a primary tool for monetary policy. As interest rate policy is still not effective with the policy rate at zero, forward…

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