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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.

Economy

Chart of the day: Correlation between bad debt, unemployment and GDP in Spain

Edward Harrison Jun 19, 2012

Scott Barber of Reuters shows us with the chart below that over the last 30 years bad debt in Spain has tracked unemployment and moved inversely with GDP growth. The higher the percentage of doubtful loans is, the lower GDP growth and the…

Daily

Daily: Greek election means Greek economic recovery nowhere in sight

Edward Harrison Jun 18, 2012

Last week, in framing the Greek elections, I reminded you that irrespective of who won the elections in Greece on Sunday, it was clear that Greece would be unable to hit their deficit targets. This is why the German government is already…

Members

Hans-Werner Sinn: Let Greece introduce Drachma but remain in the euro zone

Edward Harrison Jun 18, 2012

Hans-Werner Sinn is the sometimes controversial head of Germany's Ifo Institute, A German-based center for economic studies. He has been in the news for his warnings about the Target2 system at the heart of trans-national money clearance in…

Economy

Chart of the Day: The smoking gun showing how the ECB wrecked the Spanish economy

Edward Harrison Jun 18, 2012

the ECB decided to prop up the German economy with low interest rates, rates that produced negative real interest rates and housing bubbles in Ireland and Spain. This was a policy designed to "bail out" the indebted German economy. We…

Daily

Daily: Will Nokia’s 41-megapixel phone save the company?

Edward Harrison Jun 16, 2012

Reports of a cool new product out of Nokia give investors some hope that the company's product palette can keep the loss-making company alive as its cash resources dwindle. My understanding is that the latest cuts at Nokia will include the…

Economy

Argentina’s growth is collapsing

Edward Harrison Jun 16, 2012

The latest data out of Argentina are just one month's data. But the trend is clear and it is alarming: economic growth is slowing dramatically in Argentina. Three articles in Argentine dailies point out the nexus of issues developing around…

Members

The Greeks can just print money and no one can stop them

Edward Harrison Jun 16, 2012

I normally don't post at the weekend these days but I came across two links that I wanted to comment on today. The first is from an article in German daily Die Welt about the situation in Greece. While the article's tone takes a fairly…

Daily

Daily: Zulauf predicts euro disintegration and Chinese weakness

Edward Harrison Jun 15, 2012

Not a lot of links today. One link I did want to talk about was the Barron's Roundtable Midyear Update. It's largely the same cast it has been for a few years but for the past few years, the topics have been heavily macro instead of…

Political Economy

America’s slowdown is not about Europe, it’s about the debt

Edward Harrison Jun 15, 2012

I would submit then that the problem is the debt. This is true right across the developed economies. Until the debt is reduced, global growth will be slow and that makes economies susceptible to recession. As much as the President wants to…

Political Economy

Framing the Greek elections and post-election negotiations

Edward Harrison Jun 15, 2012

It is clear that Greece will be unable to hit their deficit targets. According to Die Zeit, Greece is already lagging on tax revenues and privatization proceeds. This is why the German government is already debating relaxing Greece’s…

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