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

More on liquidity, solvency (and elitism) during the Great Depression

Edward Harrison Nov 2, 2011

Liquidity crises are always solvency crises. The question is about determining which company, nation, or debtor is insolvent in a world of incomplete information. This leads to panic and a wider liquidity crisis that stresses the balance…

Economy

Sheila Bair on European Regulatory Capture

Edward Harrison Nov 2, 2011

Sheila Bair argues that Europe's banks are undercapitalised due in large part to regulatory capture.

News

News Links: Greece – Revenge of the Sovereign Debtor Nation That Roared

Edward Harrison Nov 2, 2011

Revenge of the Sovereign Nation – Telegraph Blogs at least the Greeks are stripping away the self-serving claims of the creditor states that their “rescue” loan packages are to “save Greece”. They are nothing of the sort.…

Political Economy

Andy Xie: Europe’s is a money distribution problem

Edward Harrison Nov 2, 2011

Europe has an enormous productive capacity, Greece included. Debt introduces a money distribution problem that becomes a flashpoint during periods of economic weakness because the inability of large debtors to pay imperils both the debtor,…

Economy

Chart of the day: Advanced Economies’ Gross Financing Needs

Edward Harrison Nov 2, 2011

Japan and the US, as the two largest economies with high deficits, also have the largest gross financing need, ahead of all of the euro zone periphery, Belgium and France. But they are sovereign in their currencies and have therefore not…

Economy

You Sexy M.F.

Edward Harrison Nov 1, 2011

Here are a bunch of videos and links which update you on MF Global.

Political Economy

Is Greece heading off a military coup?

Edward Harrison Nov 1, 2011

We have learned that the Defense Minister is calling for a wholesale change of military leadership. I see this as an extremely alarming development. And in conjunction with Papandreou’s move to call a referendum, it would make sense to…

Political Economy

It is almost game over for the euro zone

Edward Harrison Nov 1, 2011

I wrote an article for Room for Debate at the New York Times on the potential for a Greek collapse to end the euro. Here are the parts I would highlight.

Political Economy

The date when it was first obvious that Greece would default: a timeline of the Greek debt crisis

Edward Harrison Nov 1, 2011

I was going through my archives to figure out when I first started saying Greece would default and it made for interesting reading as a chronology of the sovereign debt crisis. For me, the pivotal post that signalled default was inevitable…

Economy

October 2011 Manufacturing ISM misses estimates

Edward Harrison Nov 1, 2011

ISM’s October 2011 Manufacturing report on Business came in at 50.8, a level just above contraction. Last month was 51.6.

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