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

Hoenig says Federal Reserve is responsible for bubble

Edward Harrison Mar 30, 2011

Short-Run Actions Have Consequences In the spring of 2003 there was worldwide concern that the U.S. economy was falling into a “Japanese-like” malaise; the recovery was stalling, deflation was likely to occur and unemployment was…

Markets

Las Ciudades Fantasmas

Edward Harrison Mar 30, 2011

Thanks to Iza Kaminska for pointing me to the video below of row after row of incomplete homes in Spanish host towns, las ciudades fantasmas. Spain has the same problem of overbuilding that the U.S. had during its bubble days. Now that…

Markets

Case-Shiller Housing Data Confirm Move Below Post-Bubble Trough

Edward Harrison Mar 29, 2011

The house price data has been dismal in the last several months. With the S&P/Case Shiller Home Price Indices released today, we have now passed below the post-bubble trough and are hitting new low prices across the country. For data…

Business

Amazon’s Cloud Music Killer App is a Game Changer in Storage, Backup, Music, and Mobile

Edward Harrison Mar 29, 2011

Amazon just dropped a bomb on the technology world in the form of a cross-platform cloud music player. This is at once a game-changing move in the Internet storage and backup world dominated by players like EMC, in the Internet Music world…

Economy

The QE2 trade is now officially over

Edward Harrison Mar 28, 2011

The Fed could announce a federal funds target of 3% but the tsunami of excess reserves now out there swamps any conceivable demand, so the federal funds rate would be guaranteed to remain stuck at zero. The target would be meaningless.…

Political Economy

On Food Riots, Peak Oil and Military Force

Edward Harrison Mar 28, 2011

Here's a fabulous look into the political economy of oil by Andy Lees. His view is that the era of cheap oil is over. But, more than that, natural resources as a whole are increasingly dear. And a world of dwindling natural resources has…

Monetary System

Bond Market Vigilantes

Edward Harrison Mar 27, 2011

This is from the blog Political Irony (hat tip UMKC). Higher consumer price inflation than we see now will probably result in demand destruction and recession before the Fed reacts. The slack in the economy would mean this becomes a…

Economy

Thoughts on Austerity

Edward Harrison Mar 25, 2011

Yesterday, Paul Krugman wrote: Portugal’s government has just fallen in a dispute over austerity proposals. Irish bond yields have topped 10 percent for the first time. And the British government has just marked its economic forecast…

Markets

Oil: Where is the spare capacity?

Edward Harrison Mar 24, 2011

This morning's note from UBS' Andy Lees addresses something about which I am sceptical regarding the escalating Libyan conflict: global spare oil capacity. I am in the same camp with Jeremy Grantham. Call it peak resources, peak oil,…

Economy

Isn’t that the former Chancellor of the Exchequer sleeping during the budget debate?

Edward Harrison Mar 23, 2011

Apparently, George Osborne, the current Chancellor, has such a bedroom voice that he puts the Lord Chancellor to sleep. Sweet dreams.

Previous 1 … 349 350 351 352 353 … 779 Next