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

60 Minutes on The Next Housing Shock

Edward Harrison Apr 4, 2011

"60 Minutes" aired a segment last night on the foreclosure fraud that we in the blogosphere have been discussing for sometime. See "Videos: Depositions of Alleged Robo-Signers From Nationwide Title Clearing" from…

Markets

Faber: For Sure There Will Be QE3 But Not Right Away

Edward Harrison Apr 1, 2011

Here is a good 17-minute Bloomberg video with Marc Faber. He talks a lot about Mexico and he is bullish on that economy. As for the US, his view, like mine, is that printing money does give a temporary boost to economic activity. However,…

Political Economy

A few quick words on limited government

Edward Harrison Apr 1, 2011

henever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form,…

Monetary System

Chart of the Day: M1 Money Multiplier

Edward Harrison Apr 1, 2011

M1 is the narrowest definition of money. It includes currency and coins, traveller's checks, and checking accounts (so-called demand deposits). The chart below from the St. Louis Fed shows the relationship between base money that the…

Markets

It’s All About Spain

Edward Harrison Apr 1, 2011

I was on CNBC's Power Lunch yesterday talking about European debt markets in the wake of the Irish stress tests. I certainly think the Irish stress tests were a significant event. But the Euro Crisis is really all about Spain.

Political Economy

“The Fed lent freely, but at a low rate, on dodgy collateral”

Edward Harrison Apr 1, 2011

In September 2008, the Federal Reserve let banks turn more than $118 billion in junk bonds, defaulted debt, and other securities into cash. The role of a central bank in a crisis is to act as a lender of last resort by helping market…

Political Economy

Bill Gross on fiscal profligacy and dumping the negative real yields of treasuries

Edward Harrison Mar 31, 2011

There are four ways to reduce real debt burdens: by paying down debts via accumulated savings. by inflating away the value of money. by reneging in part or full on the promise to repay by defaulting by…

Political Economy

The Irish stress tests and euro zone options: monetisation, default, or break-up

Edward Harrison Mar 31, 2011

The results of the Irish stress tests are going to be released this afternoon at 430PM Irish time. I will be talking about the implications for investors in European markets on CNBC's Power Lunch show. I think one has to be cautious…

Business

David Sokol’s abrupt resignation

Edward Harrison Mar 30, 2011

David Sokol, widely considered the heir apparent to Warren Buffett, has abruptly resigned from Berkshire Hathaway's subsidiaries after it was revealed that he profited from the purchase of a publicly-traded company made by Berkshire.…

Business

Amazon: Privacy Concerns, Digital Music Lockers and Pandora’s Box

Edward Harrison Mar 30, 2011

As I was thinking about the competitive landscape for e-Commerce and Amazon's foray into the streaming music scene, it occurred to me that Amazon has a huge data mining opportunity here and that this will almost certainly raise privacy…

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