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

The Global Double Dip and the French Bank Run

Edward Harrison Sep 22, 2011

At some point soon, maybe tomorrow, I will be writing an update to two posts: The Fake Recovery and The recession is over but the depression has just begun. The gist of those two posts is still operative and also very relevant, namely that…

News

links for 2011-09-22

Edward Harrison Sep 22, 2011

Be Safe, Break the Law — Marginal Revolution "Higher speed limits are often safer because what is worse than speed is variable speed, some people driving fast and some driving slow. When the speed…

Political Economy

Treason?

Edward Harrison Sep 21, 2011

If you believed the Republican leaders, you would say this is reckless monetary policy aimed specifically at supporting President Obama, a Democrat. You saw the last post I wrote, with the court scene from “A Few Good Men” tacked on.…

Political Economy

ALERT: Bernanke orders an Operation Twist QE Code Red

Edward Harrison Sep 21, 2011

The Fed is not just doing QE via Operation Twist, it is also throwing in some mortgage-backeds to up the ante a little bit.

Economy

This is starting to feel a lot like 2008

Edward Harrison Sep 21, 2011

I was on BNN this afternoon talking about the Fed running out of ammo, America banks getting downgraded, European banks needing $300 billion in capital, and Greece defaulting on its debt obligations plus a host of other issues – none of…

Political Economy

Fitch: larger bondholder haircut equals better Greek rating

Edward Harrison Sep 21, 2011

"The larger the haircut that bondholders accept, the better the outlook for the Greek sovereign from a credit quality perspective after the default," said Tony Stringer, a country debt analyst with Fitch.

Economy

Jim Chanos: China has tons of contingent debt via state-owned enterprises

Edward Harrison Sep 21, 2011

The overall gist of Jim Chanos' comments on Bloomberg yesterday were that China has off-balance sheet contingent liabilities due to its implicit commitment to state-owned enterprises which are kneee-deep in land and property speculation.…

Political Economy

Quote of the Day: Desmond Tutu

Edward Harrison Sep 21, 2011

He is a remarkable man, full of energy and optimism. He said something about himself that I found wonderfully humble

News

links for 2011-09-21

Edward Harrison Sep 21, 2011

Greece to front-load austerity, troika to return | Reuters "Greece pledged to bring forward painful austerity measures on Tuesday, convincing international lenders to return to Athens early next week…

Political Economy

Slovenia deals another blow to euro bailouts

Edward Harrison Sep 20, 2011

Countries like Slovenia have their own problems. As the euro zone economy worsens, their willingness to support bailouts decreases. And the European institutional principle of unanimity will almost certainly mean that bailout fatigue leads…

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