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.

Monetary System

On Hyperinflation

Edward Harrison Apr 7, 2011

I was on the Max Keiser show talking to Max about precious metals, currency debasement and hyperinflation. Max was pushing the view that the U.S. was on its way to hyperinflation due to its reckless monetary policy. I argued against this…

Political Economy

U.S. Policies Undermining Community Banks

Edward Harrison Apr 7, 2011

According to Louis Hernandez, U.S. government policy is geared toward the too big to fail banks and this undermines community banks and Credit Unions which serve small and medium sized businesses. His contention is that there is a vast…

Daily

A few brief comments on America’s fiscal choices

Edward Harrison Apr 6, 2011

The private sector (particularly the household sector) is overly indebted. The level of debt households now carry cannot be supported by income at the present levels of consumption. The natural tendency, therefore, is toward more…

Economy

On Greenspan’s pandering and the example of Canada’s banking system

Edward Harrison Apr 6, 2011

I was on Business News Network with Rob Cox of Reuters Breakingviews yesterday. We were talking to Howard Green about all things economic. The video clip is linked below. But let me say a few words about the discussion. One of the two…

Monetary System

Chart of the Day: Excess Reserves

Edward Harrison Apr 6, 2011

Since the financial crisis hit in 2008, excess reserves have piled up in the U.S. financial system. There were almost no excess reserves in the system during the period of recorded data from 1959 onwards. But after the post-Lehman…

Political Economy

11 O’clock Tick Tock

Edward Harrison Apr 5, 2011

In a White House meeting intended to break the impasse, John Boehner, the Republican speaker of the House of Representatives, instead pushed for deeper spending cuts as part of a deal that would keep the government running past a Friday…

Political Economy

Portugal on verge of bailout

Edward Harrison Apr 5, 2011

In the wake of a sovereign debt ratings downgrade by the rating agency Moody's, Portuguese five-year bonds are trading with a yield of 10%. As a result, Portugal has leapt over Ireland into fourth place on the credit default swaps list of…

Business

If Android is a mess, will it matter?

Edward Harrison Apr 5, 2011

I say fragmentation doesn't matter. Consumers are going to buy what is available and for offer. Distribution trumps ease of use. Ask Apple about Macintosh. And ask Microsoft about Windows. Market share trumps technological superiority too.…

Political Economy

Steve Waldman on the futility of blogging and the monopoly of lobbyists in policy making

Edward Harrison Apr 4, 2011

This is really motivated by being incredibly frustrated with what happened a couple of years ago. Obviously there was a financial crisis; that's not what frustrated me. I am one of the naysayers who was not at all surprised there was a…

Political Economy

Punishing Savers and Theft Amongst the Elderly

Edward Harrison Apr 4, 2011

You normally don't see these two phrases in a single headline, but they are very much connecting. I thought of this this morning when I read a post called Retirement in the Liquidity Trap by Tim Duy. Commenting on a Wall Street Journal…

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