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.

Daily

Daily commentary: On the lower US nominal GDP growth numbers and the Fed

Edward Harrison Apr 27, 2012

The GDP numbers for the US came out again and they were weaker than anticipated, coming in at 2.2% for real GDP growth instead of the 2.5% expected. Nominal GDP growth was only 3.7%. That is not bullish for shares.

Markets

Bill Gross: QE on hold but QE3 would be back on if jobs reports are weak

Edward Harrison Apr 27, 2012

Last month PIMCO founder and Chief Investment Officer Bill Gross said PIMCO sees a mortgage-backed QE3 from the Fed as likely. As a result, Pimco has increased its exposure to these. He spoke to Bloomberg television yesterday about how his…

Economy

Full Text: S&P downgrades Spain two notches

Edward Harrison Apr 26, 2012

"We believe that the Kingdom of Spain's budget trajectory will likely deteriorate against a background of economic contraction in contrast with our previous projections. At the same time, we see an increasing likelihood that Spain's…

Daily

Daily commentary: On Dutch Austerity

Edward Harrison Apr 26, 2012

As I write this the lower house of Dutch Parliament is debating what and where to cut in order to get their budget under the 3% hurdle as quickly as possible.

Members

Why the EU is temporarily dropping the 3% hurdle

Edward Harrison Apr 26, 2012

It looks like the EU has finally figured out that austerity is anti-growth and that in the EU context this is leading to debt deflation. The word on the street is that the EU is prepared to temporarily relax the 3% Maastricht hurdle. This…

Economy

Is shale oil cheap?

Edward Harrison Apr 26, 2012

There is some evidence that recently discovered shale oil fields cannot be successfully exploited at prices under $100 a barrel.

Members

Expect a weak US jobs report in May

Edward Harrison Apr 26, 2012

The jobless claims came out again today and the numbers were weak.

Daily

Daily commentary: On Austerity and Britain’s double dip

Edward Harrison Apr 25, 2012

Last January I called the contrast between the US and the UK "the best real-time economic experiment we can have on what does and doesn’t happen as a result of government spending." My point was that the two economies have had…

Economy

Goldman CEO Lloyd Blankfein on Bloomberg Television

Edward Harrison Apr 25, 2012

Bloomberg TV spoke to Goldman Sachs CEO Lloyd Blankfein today in a much discussed interview. Below is the video and partial transcript of that interview. I provide it without comment.

Economy

Tracking My List of Ten Surprises for 2012

Edward Harrison Apr 25, 2012

I thought now would be a good time to see how my ten surprises for 2012 are tracking as we are nearly a third of the way through the year. I posted these as my first weekly newsletter and these are events that have 1-in-3 odds of happening…

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