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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

Ray Dalio on Deleveraging

Edward Harrison May 22, 2012

Ray Dalio was featured in Barron's at the weekend. He spoke about the various options available to affect a private sector deleveraging. He sees three ways which he calls austerity, restructuring, and money printing. Below is an excerpt…

Members

Why Europe’s extend and pretend strategy will fail

Edward Harrison May 21, 2012

Michael Pettis had a great write-up on the situation in Spain and Europe's depressing prospects. While his conclusion that Spain will be forced to exit the euro zone is something I have yet to endorse, the logic he uses surrounding many of…

Economy

The Germans have already blinked

Edward Harrison May 21, 2012

The talk about Greece being kicked out of the euro zone has clearly been overdone. Some have suggested that the Germans had reached their fill and that they would 'stare the Greeks down' in this high stakes game of chicken. I have…

Daily

Daily commentary: On Facebook’s IPO, JPMorgan’s losses, Spain’s bank run and…

Edward Harrison May 21, 2012

As always, I have a lot of links on Monday. Three or four stories have dominated the news in each market for the past week. In the US, it is about either JPMorgan Chase's escalating losses, Facebook's IPO or the general aimlessness of the…

Political Economy

Hoover on austerity to balance the budget and defend the dollar in 1932

Edward Harrison May 21, 2012

I have written quite a few posts highlighting the statements made by Herbert Hoover during his US presidency as he struggled with the economic contraction of the Great Depression. The general tenor of Hoover's comments and actions goes to…

Economy

Pushback on the imminent Grexit meme

Edward Harrison May 21, 2012

I still find it hard to believe a Greek exit from the euro zone is imminent. So it's good to see someone push back on the concept that a Greek exit from the euro zone is imminent. John Dizard at the FT does just this in a piece out today…

Economy

Spain’s nationalisation plan won’t work as the banking system is insolvent

Edward Harrison May 17, 2012

The Spanish banking system is insolvent and the Spanish government simply does not have the wherewithal to clean it up. This is the problem in Spain that has come to a head, particularly now after the rescue of Bankia, Spain's fourth…

Daily

Daily commentary: More Chinese stimulus in the works

Edward Harrison May 17, 2012

Yesterday I wrote about Chinese trade growth plummeting. This is having a negative impact on economic growth. The Chinese authorities get that. And so they have decided to boost demand.

Daily

Daily Commentary: On policy advocacy and forecasting in Greece’s exit from the euro zone

Edward Harrison May 16, 2012

I like write about what will happen and what policy makers will do rather than about what should happen and what policy makers should do. But Yanis Varoufakis's post on the Grexit below tells you that Greece's leaving would be catastrophic,…

Political Economy

The euro zone has become a political economy black hole

Edward Harrison May 16, 2012

Without going into the detail of my member posts, here's what I can say: it is clear Greece will eventually exit the euro zone. The question is the timing. But, the political about-face necessary to prevent contagion is a lot larger than…

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