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.

Political Economy

Finland wants two-tier euro zone with more power for AAA countries

Edward Harrison Nov 17, 2011

With sovereign interest rates in the euro zone rising, Finland is feeling the contagion effect despite being only country in the euro zone except tiny Luxembourg which is both AAA-rated and meets all of the Maastricht Treaty requirements.…

Markets

“Germany is the core, everything else is secondary”

Edward Harrison Nov 17, 2011

The Wall Street Journal's Matt Phillips describes the turmoil in European sovereign bond markets. He says some traders tell him that they now consider countries like France a part of the periphery and are pricing it as such. This risk-off…

News

News Links: Japan’s Hidden Jobless

Edward Harrison Nov 17, 2011

2011/11/16 00:43 - Japan's Hidden Jobless Hits 4.69mn, Worse Than After Lehman Shock The number of Japanese that want to work but are not actively seeking employment has surpassed levels from after the global financial crisis…

Economy

Deflationary crisis responses

Edward Harrison Nov 17, 2011

If you are a debtor who wants to cut your debt load for fear of a liquidity-induced insolvency, there are two ways to make your debt metrics improve. One is to increase revenue and the other is to shrink the debt. Think of it this way:…

Economy

Chart of the day: Indebtedness of all AAA sovereign credits

Edward Harrison Nov 16, 2011

The following numbers come from a recent article in Die Welt on the backlash in Europe against the ratings agencies.

Economy

Full Text: Moody’s takes rating actions on 12 German Landesbanken

Edward Harrison Nov 16, 2011

The following is the text of the recent ratings action taken by Moody's on twelve German state-owned banks.

Markets

Buiter: Europe must act now to avoid a default

Edward Harrison Nov 16, 2011

Former bank of England central banker and present Citigroup Chief Economist Willem Buiter spoke to Tom Keene this morning on Bloomberg Radio. His view is similar to mine, that Europe must act now to avoid a default. He believes we could…

Economy

In defense of the ECB

Edward Harrison Nov 16, 2011

This phrase 'lender of last resort' has been bandied around by people who, it seems to me, have no idea what lender of last resort actually means, to be perfectly honest. It is very clear from its origin that lender of last resort by a…

Political Economy

Nigel Farage: ‘Germany is dominating Europe’

Edward Harrison Nov 16, 2011

The well known eurosceptic Nigel Farage is having a field day over the sovereign debt crisis in the euro zone. Farage says that the EU lacks democratic legitimacy, a complaint heard ever more often during this crisis. He goes further,…

News

News Links: “Little Startups Are Ridiculously OverFunded”

Edward Harrison Nov 16, 2011

Sean Parker: "Little Startups Are Ridiculously OverFunded" | TechCrunch It's gotten so bad that, says Parker, "Now institutionally-backed venture funds are backing other venture funds in order to stay close to the…

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