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.

Economy

A Primer on Peak Oil

Edward Harrison Apr 20, 2012

I ran across three separate articles on peak oil at well-regarded financial news sites today: The Economist, The Financial Times and Le Figaro. I thought I'd give you a run down of what they were saying and what it means for the economy and…

Economy

Housing bubbles in Austria and Germany?

Edward Harrison Apr 19, 2012

Since the Great Financial Crisis began, Austrian house prices have zoomed at a pace well above the rate of inflation and the rate of rentals. The price action and other anecdotes make this sound suspiciously like a bubble. The same has…

Markets

Grantham: Missing a bull market is a dismissible offense

Edward Harrison Apr 19, 2012

Jeremy Grantham: "The central truth of the investment business is that investment behavior is driven by career risk. In the professional investment business we are all agents, managing other peoples’ money. The prime directive, as Keynes…

Economy

Chart of the Day: Demography, China’s Achilles heel

Edward Harrison Apr 19, 2012

The Economist: "Over the past 30 years, China’s total fertility rate—the number of children a woman can expect to have during her lifetime—has fallen from 2.6, well above the rate needed to hold a population steady, to 1.56, well below that…

Economy

Dexia to increase Belgian deficit 2 billion every year

Edward Harrison Apr 19, 2012

The rump Dexia now owned by the Belgian government is a structurally loss-making enterprise that will cost the Belgian government 2 billion in deficits every year from 2014.

Members

Latest US weekly unemployment claims reports suggest weakening job growth

Edward Harrison Apr 19, 2012

In the week just ended, the US Department of Labor is reporting the advance figure for seasonally adjusted initial claims as 386,000. While this is a decrease of 2,000 from the previous week's revised figure of 388,000 it is well above the…

Daily

Daily Commentary: On Auction Results from Spain

Edward Harrison Apr 19, 2012

Today's big news was the bond auction in Spain. Spain's auction went off without a hitch but at a cost. Spain sold 2.5 bln euros ($3.3 billion USD). The Spanish Treasury sold a 1.1 bln euro bond maturing 31 Oct 2014 (average yield: 3.463%,…

Daily

Daily commentary: On burst housing bubbles in Spain, the Netherlands and Denmark

Edward Harrison Apr 18, 2012

Most of the focus these days is on Spain and the periphery - and for good reason. Spain's bond yields are putting it into a potential debt death spiral from which the only escapes are a bailout or default. Moreover, the whole of the…

Economy

Peak oil explains the Repsol YPF expropriation in Argentina

Edward Harrison Apr 18, 2012

I think this should be obvious to everyone by now, but peak oil is a clear factor in the Argentina/Spain oil crisis. Here's what happened.

Daily

Daily commentary: On Spain’s death spiral and the nationalism of depression

Edward Harrison Apr 16, 2012

Spain is involved in two stories today that point to the difficulties that surround sovereign governments that are overindebted in foreign currency. There are a ton of Spanish-language links for that reason.

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