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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.

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The IMF wants even more austerity in Portugal

Edward Harrison Jan 11, 2013

The IMF has told Portugal that the draconian austerity budget it has passed for 2013 will not be enough a nd has asked for more austerity. Portugal needs to make up a 4 billion euro gap and to do so the IMF wants to see cuts to government…

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Converting Irish debt controlled by Troika

Edward Harrison Jan 11, 2013

Back in October of last year the Irish Finance Minister Michael Noonan said that his government's goal is to be able to complete the three-year Troika bailout on time and resume normal operation late in 2013. Now that Ireland has regained…

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Links: 2013-01-11

Edward Harrison Jan 11, 2013

The Terrifying Danger of the Trillion Dollar Coin "The bottom line is that the Trillion Dollar Coin removes profit the financial system makes on the interest payments to holders of the Treasuries - this reduces the cost to government (and…

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Spanish bond auction is a success

Edward Harrison Jan 10, 2013

This morning, the Spanish government initiated its bond auction process this year. The auctions were a success with the yield on 10-year government bonds falling to 4.95%, below 5% for the first time since March 2012.

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Links: 2013-01-09

Edward Harrison Jan 9, 2013

North America Letting the payroll tax cut expire was a terrible idea; extent of terribleness unclear | FT Alphaville "While workers intended to spend 10 to 18 percent of their tax-cut income, they reported actually spending 28 to 43…

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Ireland regains market access for both government and bank bonds

Edward Harrison Jan 9, 2013

In yesterday's links, I pointed to two links showing that Ireland had regained bond market access. Here is more evidence that Ireland is regaining bond market access.

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Review: How My Ten Surprises for 2012 Fared

Edward Harrison Jan 9, 2013

Last year, I started my weekly newsletter out with Ten Surprises for 2012. The goal was to give you a list of things that investors only assigned one in three odds of occuring that I believed had a fifty percent or better chance of…

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Belgian apartment prices fell 3.1% in 2012, largely because of weakness in Flanders

Edward Harrison Jan 9, 2013

The Dutch-language press in Belgium is reporting that belgium experienced a 3.1% decline in apartment prices nationwide, largely because of weakness in the Dutch-speaking region of Flanders.

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German industrial output for Q4 2012 likely below Q3 output

Edward Harrison Jan 9, 2013

Today the Wall Street Journal is reporting that German industrial output for the 4th quarter of 2012 likely fell below the output for the 3rd quarter, making it possible that Germany could lapse into recession.

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Fiscal timetable for US likely debt ceiling first, then spending cuts

Edward Harrison Jan 8, 2013

My position since October 2009 has been that the United States could not hold off deficit hawks for more than three or four years. 2013 is the deadline for that prediction to be fulfilled and we are right on schedule with the fiscal cliff…

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