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.

Markets

Is the shale gas bubble bursting?

Edward Harrison Jun 13, 2011

If you have fewer players operating wells, then the supply should be lower. It sounds to me like the rush to buy up natural gas acreage has strained balance sheets in a way that will force up prices down the line.

Economy

The jobs crisis is not just about demand

Edward Harrison Jun 13, 2011

If the US wants job growth, it will need to reduce private sector debt levels - and that takes time. The government can act a a counterweight to the demand drag but I am very sceptical of claims like Summers’ that doing so would solve a…

Markets

Zulauf: 20% downside risk from the market’s intraday May high

Edward Harrison Jun 11, 2011

Point for point, I agree with the commentary from Felix Zulauf in this week’s Barron’s mid-year roundtable discussion. For long-time Credit Writedowns readers, you will recognize almost every one of these points from previous posts. It is…

Political Economy

Tepper: QE3 won’t happen before the market or economy drops significantly

Edward Harrison Jun 10, 2011

Tepper says if the market falls a couple hundred points maybe they would reconsider. But the only result now might be more food and energy inflation.

Monetary System

To repeat, the ECB is not conducting a stealth bailout

Edward Harrison Jun 10, 2011

Karl Whelan finds that a recent analysis by Hans-Werner Sinn on an alleged ECB bailout is incorrect. Willem Buiter is now out with a commentary on the same issue corroborating Whelan’s view. Below are the bullet points he highlights in his…

Economy

Gundlach: “It’s very difficult to move forward with a debt-based economic scheme”

Edward Harrison Jun 10, 2011

Jeffrey Gundlach spoke with Joe Weisenthal of Business Insider in an exclusive interview which they recently carried on their site. Gundlach believes that the economy is “a low-performance mode” that makes the unemployment overhang…

Economy

Buiter: Europe will slow and Greece will have a hard restructuring

Edward Harrison Jun 10, 2011

In the US, you have a weakening recovery, uneven job growth, less accommodative monetary policy, tightening fiscal policy at the federal and local levels, austerity in Europe and tightening in emerging markets coupled with secularly high…

Daily

What has led Ireland to the brink of collapse?

Edward Harrison Jun 9, 2011

A comprehensive outline of the Irish situation and with a retrospective on the steps leading us to the brink.

Monetary System

Rajan: Easy money will not create sustainable growth

Edward Harrison Jun 9, 2011

Raghuram Rajan, one of the few mainstream economists to warn of the US housing bubble, has recently written a piece which is highly critical of US monetary policy. His view, one that I share, is that US policy favours debtors over savers in…

Economy

India and Brazil: Inverted Yield Curves

Edward Harrison Jun 9, 2011

I am concerned that the emerging markets have overheated and are now reversing direction quickly. Policy rates are still low when adjusted for inflation. But, given the economic weakness now manifest across North America and Europe, the…

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