Author

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.

Markets

On JPM’s Dimon’s still unassailable position and Facebook as the new Yahoo

Edward Harrison May 16, 2012

I spoke to Paul Waldie and Brian Milner of the Globe & Mail on BNN's headline on Monday. The big story was JPMorgan Chase and the London Whale trades. JPMorgan Chase's CEO Jamie Dimon, as the leading lobbyists for the hands-off…

Economy

Amid plummeting trade growth, Chinese productivity trends are macro bearish

Edward Harrison May 16, 2012

In recent months, we have seen a precipitous drop in Chinese trade growth. This comes from both the export and the import side. What's happening? A large part of it is wages. As I indicated two years ago in a post on the Lewis Turning…

Markets

US housing starts up 40% in last year but still half of 50-year average

Edward Harrison May 16, 2012

Housing starts in the US were up today. The Wall Street Journal writes that number came in at 717,000, up from a low of 478,000 in April 2009.

Members

On my disbelief over the Greek exit chatter

Edward Harrison May 16, 2012

I just re-opened the thread on "How and why Greece will leave the euro zone" because there has been so much chatter about a Greek exit. I am still a bit in disbelief that Europe would allow the Greek economy to crumble so much thy would be…

Economy

Another chart of the day: Greek bank deposits collapse

Edward Harrison May 16, 2012

The chart below via Reuters' Scott Barber is what an economic depression looks like. It covers Greek bank deposits from 1998 to present.

Markets

Chart of the day: The German-Spanish 10 Year Spread is at an all time high

Edward Harrison May 16, 2012

Spanish bond yields are spiking with no obvious reason to believe they will come down anytime soon. That puts the Spanish-German 10-year spread at an all time high.

Members

Europe is on the brink of something very big

Edward Harrison May 16, 2012

Euro zone bond markets have come completely unhinged this morning. Spanish 10-year yields have hit the highest level this year at 6.5%. While Italian 10-year yields broke above 6% for the first time since late January. Meanwhile, German…

Daily

Daily commentary: On JPMorgan’s gigantic mistake

Edward Harrison May 14, 2012

The big headline today is still JPMorgan Chase and it's huge trading losses. Clearly this is a black eye for JPM but the question goes to what longer term consequences the incident will have.

Economy

More on the political economy of the coming Grexit

Edward Harrison May 14, 2012

In February I wrote about the political economy of a Greek default (and euro zone exit), predicting that a Grexit was all but inevitable. In the last few days, there has been an almost feverish debate about this issue, so I wanted to update…

Political Economy

Will the Greek exit be voluntary or involuntary?

Edward Harrison May 14, 2012

Ever more voices are talking about the possibility of Greece leaving the euro zone despite the fact that there is no formal mechanism for a euro are member country to exit the single currency. This talk, however, makes sense because…

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