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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.

Daily

Daily: Recent economic data relatively constructive

Edward Harrison Oct 15, 2012

At this point, I think the main weekly will end up being a comprehensive technology and tech stock overview. There have been a lot of stories in the computer and mobile space that deserve comprehensive treatment to pull a bunch of different…

Members

Portugal: austerity budget with highest tax increase in history as prep for OMT

Edward Harrison Oct 15, 2012

Mired in the worst recession since the 1970s, Portugal's governing coalition is going to turn up the austerity dial even higher. The goal is to reduce the Portuguese deficit to 4.5% of GDP in 2013 in order to be in a position to switch out…

Economy

German Pensioners have lost 20% of their purchasing power since 2000

Edward Harrison Oct 15, 2012

According to a questionnaire given by the leftist German party "Die Linke", German pensioners have seen a significant erosion of their purchasing power over the last twelve years. Average pension payments this year after deducting all…

Economy

Spain wants the ECB to guarantee a 200 basis point spread if it seeks a bailout

Edward Harrison Oct 14, 2012

In Europe, Spain is expected to formally apply for a Troika bailout in November. Despite the Rajoy's government's denials that it has not sought a bailout, Rajoy and his ministers have never specifically said that they refused to consider a…

Members

Europe brought the IMF into its bailout scheme to enforce discipline and now the IMF have turned on…

Edward Harrison Oct 13, 2012

Do you remember when Europe used to say the IMF would get involved in Europe over the euro's dead body? Well I certainly do. Back before Greece got its bailout deathwish, it wasn't even clear there would be a bailout, let alone one with…

Economy

Chart of the day: US household debt-to-income versus debt servicing cost ratios

Edward Harrison Oct 12, 2012

Here's a great chart from Goldman Sachs that I spied as a result of a tweet by finance blogger Conor Sen who is someone to follow on Twitter. It shows the divergence in US household debt-to-income ratios and debt servicing costs as interest…

Daily

Daily: implications of Amazon selling mobile hardware at cost

Edward Harrison Oct 12, 2012

There are a lot of different threads in today's links to choose from for the overarching theme. So I will just choose one and run with it. Let's look at the Amazon selling at cost issue from Apple's perspective. What Amazon CEO Jeff Bezos…

Members

Netherlands: Q3’s 17% drop in property transactions suggests housing bust will continue

Edward Harrison Oct 12, 2012

Many are unaware of this but there is an housing bubble and bust cycle ongoing right now in the euro zone core. I'm talking about the Netherlands, of course. Prices are now back to levels last seen in 2004 and still dropping. The problem in…

Daily

Daily: Expect more missed targets and crisis in Spain

Edward Harrison Oct 11, 2012

I actually thought about doing the daily on the Wells Fargo fraud 'without fraudsters' meme because it really captures the problem with regulation of our financial system but that is a policy issue. Instead, I want to focus on a macro…

Daily

Links 10/10/12

Edward Harrison Oct 10, 2012

I am running behind schedule so today's daily post won't feature an overarching narrative. More tomorrow. Specs for Samsung's 4" Galaxy S3 Mini fall well short of Apple's iPhone 5 "While Samsung will compete with Apple's iPhone 5 by…

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