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.

Daily

Some comments on the shutdown, Fed policy and the markets

Edward Harrison Jan 9, 2019

On today's market action Today saw the S&P 500 rise for the fourth straight day, the longest up-streak since September. And that puts us up 10% since Christmas Eve. Crude is rallying too , with WTI gaining almost 5% on the day to…

Bronze

Brexit: Why Article 50 revocation is now on the table for Britain

Edward Harrison Jan 9, 2019

The Brexit news is coming hot and heavy now. The latest out of the UK is that House of Commons Speaker John Bercow has allowed an attempt to force Prime Minister Theresa May’s hand on the Brexit deal. The Commons Speaker will allow MPs to…

Bronze

British MPs have voted to stop a no-deal Brexit

Edward Harrison Jan 8, 2019

After I wrote today's post on Brexit, the following news came out - and I think it's significant: Theresa May faces a concerted campaign of parliamentary warfare from a powerful cross-party alliance of MPs determined to use every lever at…

Markets

Market recovery but expect volatility to remain

Edward Harrison Jan 8, 2019

The trading day is over in the US and the numbers look good. Equity markets have recovered smartly from last weeks nosedive, with all major US indices up about 1%. Notable for me is the fact that WTI is trading close to $50 a barrel and the…

Daily

Credit Writedowns 2019 Outlook, Part 2 – Brexit

Edward Harrison Jan 8, 2019

I've been thinking about how to write this piece on the outlook for the political economy in the UK for a number of days. I had it teed up to finish yesterday. But I have left it until today. Apologies I still have the bias that economics…

Gold

Despite perception Powell was dovish, the yield curve remains super-inverted

Edward Harrison Jan 4, 2019

I mentioned earlier today that Federal Reserve Chairman Jerome Powell had a joint discussion with former Chair Janet Yellen and former Chairman Ben Bernanke at the American Economic Association and Allied Social Science Association 2019…

Daily

Some thoughts on today’s 312,000 jobs added to the economy

Edward Harrison Jan 4, 2019

The numbers Now, about the jobs numbers, here are the headline numbers: An increase of 312,000 in December in non-farm payrolls based on the business survey. That is well in excess of the consensus estimate for 178,000. Revisions of…

Monetary System

Powell, Bernanke and Yellen offer a strong rebuke of Trump

Edward Harrison Jan 4, 2019

At 10:15 this morning, Federal Reserve Chairman Jerome Powell had a joint discussion with former Chair Janet Yellen and former Chairman Ben Bernanke at the American Economic Association and Allied Social Science Association 2019 Annual…

Daily

Growth downshift warning as Apple’s guidance downgrade trumps mixed data

Edward Harrison Jan 3, 2019

I will continue my 2019 outlook pieces in the coming days. But we've seen a lot of data out today. I think what we're seeing will have a bearing on rate policy, especially given what's happening in the bond market, something I discussed…

Gold

The yield curve is now super-inverted

Edward Harrison Jan 3, 2019

I am doing my 2019 outlook pieces now. And I plan on making some market outlook comments in the coming days. But, what's going on in the market right now is equally important. As the stock market takes a battering due to concerns about…

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