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 our innate hypocrisy and confabulatory power

Edward Harrison Apr 18, 2011

How do we make moral and ethical decisions? It would be nice if our choices were grounded in nothing but the facts, in the details of the issue at hand. Alas, that’s not the way it works. Jonathan Haidt, a psychologist at the University…

Economy

Simon Johnson: ‘We have done nothing that will prevent this from happening again’

Edward Harrison Apr 18, 2011

Here's the question: Can sovereignty and effective international supervision be reconciled when it comes to complex large financial institutions? Simon Johnson lays out a compelling case that they cannot. As he has said time and again,…

Political Economy

Video: Inflation Explained

Edward Harrison Apr 15, 2011

Here is Omid Malekan back with a video explaining inflation to the layman. You have seen his videos on Bank Bailouts Explained and Quantitative Easing Explained. The QE explained video was especially popular and went viral on the Internet.…

Economy

Top Marginal US Tax Rates: 1916-2010

Edward Harrison Apr 15, 2011

Here's a great graph of US income tax rates back to when personal income taxes were started. You can see the marginal rate for personal income has come way down from its 1945 peak. A few months ago, Michael Hudson answered the question,…

Markets

Gold at record high, silver at 31-year high as inflation and negative real yields bite

Edward Harrison Apr 15, 2011

The easy stance of developed economy central banks is driving money into emerging markets and fostering the accommodative stance of those central banks, fearful of more hot money flows or currency appreciation. Easy money in the face of…

Economy

Ireland Cut By Moody’s to One Notch Above Junk

Edward Harrison Apr 15, 2011

Moody's, the rating agency, has cut the credit rating for the Republic of Ireland two notches from Baa1 to Baa3, which is the lowest investment grade rating. They also left the outlook for further rate cuts as negative, meaning that more…

Economy

Moody’s cuts China’s residential property outlook

Edward Harrison Apr 14, 2011

This comes via Market Watch: Moody’s Investors Service on Thursday lowered its view on China’s property sector, warning that a slowdown is underway with credit conditions forecast to tighten over the next 18 months. However, the…

Political Economy

More anti-foreigner rhetoric in Europe, this time in the UK

Edward Harrison Apr 14, 2011

When unemployment is high, immigrants are seen as a burden and the mood shifts toward the anti-immigration rhetoric we are hearing from Mr. Cameron. Economic nationalism is a force to be reckoned with. This anti-foreigner sentiment will…

Business

Taiwanese Animation: The Facebook trolls are out in force

Edward Harrison Apr 14, 2011

This Taiwanese animation gives you the low down. It's a good laugh.

Monetary System

Without changes to reserve currencies another crisis is inevitable

Edward Harrison Apr 14, 2011

We saw that Joseph Stiglitz proposes a new reserve currency to alleviate pressure on trade imbalances. Michael Pettis is now also proposing a similar move away from the U.S. dollar. In an FT Op-Ed, Michael wrote that every generation we…

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