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

Herbert Hoover: 1930 Annual Message to the Congress on the State of the Union

Edward Harrison Sep 14, 2011

Hoover: "In the larger view the major forces of the depression now lie outside of the United States, and our recuperation has been retarded by the unwarranted degree of fear and apprehension created by these outside forces."

Political Economy

Greece Should ‘Default Big,’ Says Argentine Central Banker

Edward Harrison Sep 14, 2011

Greece needs to default too. The right thing to have happen is for Greece to default in a hard restructuring as part of a comprehensive credible plan. The goal is to right the ship by getting all of the biggest debtors within the Maastricht…

Markets

Jim Chanos: Still short

Edward Harrison Sep 14, 2011

Shortseller Jim Chanos was on CNBC talking about the markets and the economy. The gist of his comments was that there still isn't a lot he would go long on. He did say he is long casinos in China but in general he remains short. Video…

News

links for 2011-09-14

Edward Harrison Sep 14, 2011

Cash-strapped lawyer 'Carla' turns to exotic dancing to pay her debts | Mail Online "'I work with war widows, a nurse, a med student, women who have had to go to work to save their home…

Markets

Is Greece the catalyst for another panic?

Edward Harrison Sep 13, 2011

That was the question that RT's Lauren Lyster was asking last night. My short answer is not necessarily. The long answer is that policy makers have a lot of ways to continue the ball rolling. They can allow Greece to default and…

Markets

On recessions and earnings volatility

Edward Harrison Sep 13, 2011

After posting the Jim Bianco article on getting defensive, I traded e-mails with Jim on recessions and earnings volatility. Here’s what he had to say after I showed him the article

Political Economy

Pension and Ponzi Schemes

Edward Harrison Sep 13, 2011

In the US, there is a heated debate about America’s government pension scheme Social Security. The Republican frontrunner for President Rick Perry has called it a ‘Ponzi scheme’, for which he was derided by the previous Republican…

News

links for 2011-09-13

Edward Harrison Sep 13, 2011

BBC News - UK CPI inflation rate rises to 4.5% in August "The UK government's targeted rate of inflation rose in August, following higher prices for clothing and footwear, petrol and…

Markets

Bianco: An 1100 S&P would look expensive if we have a recession

Edward Harrison Sep 13, 2011

Economists are telling us that the economy is decelerating rather quickly. What does that mean for stocks, in either a recession or no-recession scenario? Jim Bianco was on Bloomberg Television yesterday with some insightful comments about…

Political Economy

Eurozone default is not synonymous with breakup

Edward Harrison Sep 13, 2011

Implicit in my post explaining that Germany is preparing for Greek bankruptcy is the view amongst European policy makers that default does not equal euro zone exit. I think I should reiterate this because a lot of people are acting like an…

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