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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: Euro Zone Government Debt

Edward Harrison May 25, 2012

The two charts below give one a sense of the relative size of the government debt markets in the euro zone as well as the size of those markets compared to each country's GDP. Estonia has both the smallest government debt market and the…

Daily

Daily commentary: the Fragile State of China’s FX Reserves redux

Edward Harrison May 24, 2012

I highly recommend the FT article on China's 1% in the links below. They bring up the capital flight problem that a Chinese hard landing might mean. I noted last April that Victor Shih gave a talk at INET on the Fragile State of China’s FX…

Political Economy

Eurobonds won’t happen anytime soon

Edward Harrison May 24, 2012

I wrote a post earlier in the week at the New York Times on Eurobonds. I will be on RT at 4:30PM Eastern talking about Europe and the global economy. Here's my basic conclusion on Eurobonds

Members

European banks pull out of Latin America, currency plummets in Argentina and Brazil

Edward Harrison May 24, 2012

This is a quick note here on Latin American economies where currency issues are the main story. Argentina has been most often in the news, but the slowdown in Brazil should be top on the radar. I also note that some European banks are…

Economy

Chart of the Day: European Manufacturing PMIs show weakness

Edward Harrison May 24, 2012

Here's a chart via Bloomberg that gives the overall picture. The data are poor in all regions including Germany and France. Markit, which collects the data, says that the latest PMIs are consistent with GDP in Europe contracting 0.5% this…

Members

Germany: Merkel faces domestic political hurdles on fiscal pact

Edward Harrison May 24, 2012

The European fiscal compact which calls for EU countries to stay within the Maastricht treaty government deficit hurdle of 3% of GDP has already been signed off on by all 27 EU governments except the United Kingdom and the Czech Republic.…

Political Economy

Chart of the day: The Grexit decision tree

Edward Harrison May 23, 2012

The Financial Times has gone through the very useful exercise of creating a decision tree on what a Greek exit from the euro zone entails. I think the Europeans are now actively preparing for a Grexit because to not do so would be folly.…

Daily

Daily commentary: thoughts on austerity as a policy tool and on India as a black swan

Edward Harrison May 23, 2012

The news flow today is about the same as it has been throughout the week: JPMorgan Chase and Facebook in the US and Greece and to a lesser degree now Spain in the EU. I think these are the wrong narratives to be focused on. As I wrote…

Daily

Daily commentary: On free money for the German government

Edward Harrison May 22, 2012

Not a lot to say today but I do have a lot of links. The stories today are all the same, which is why I don't have a lot to add. One story to note is that the German government is now borrowing 2-year money at zero percent. This tells…

Members

India will be worse than China

Edward Harrison May 22, 2012

When I listed my Ten Surprises for 2012 in January I predicted that China would have a hard landing, defined as quarterly growth below 5% annualised by the end of this year. But I also said that India would be worse than China. And it is…

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