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

Rosenberg: ‘this is about speculative investing based on Bernanke liquidity principles’

Edward Harrison Mar 23, 2011

From David Rosenberg's Breakfast with Dave missive: Dallas Fed President Fisher, who is an FOMC voter this year, told Bloomberg News yesterday that there is not going to be any more stimulus after June. This is going to leave Mr.…

Economy

Housing Double Dip?

Edward Harrison Mar 23, 2011

Well, yes. Case-Shiller data confirmed this for me in January. We've been saying that's where things were headed since the expiration of the home buyer's tax credit last year. And even last winter we saw a seasonal dip in prices that got us…

Markets

Stocks are not cheap

Edward Harrison Mar 23, 2011

If you look at U.S. equity valuations based on value metrics like the Shiller P/E, stocks are rather expensive right now. Because many factors within an individual business cycle are mean-reverting, to the degree one wants to conduct…

Economy

Bank of America Dividend Rejection Blows Apart Bailout Disclosure Argument

Edward Harrison Mar 23, 2011

Today it was revealed that last week the Federal Reserve rejected Bank of America's plan to increase its dividend from its token penny a share in the second half of 2011. Clearly, the Fed is sending a message that it does not believe the…

Business

The Onion: CIA’s Facebook Program ‘A Dream Come True’

Edward Harrison Mar 23, 2011

This video by The Onion is funny – both in a good way and in a bad way! All hail CIA Agent Mark Zuckerberg, code name 'The Overlord'.

Political Economy

Portugal Probably Headed For Bailout

Edward Harrison Mar 23, 2011

Reuters has reported that the parliament in Portugal will likely reject the socialist government's austerity budget, a move which will precipitate the collapse of that government, new elections and a likely bailout by the European Union.…

Business

Thoughts on Nuclear Energy

Edward Harrison Mar 23, 2011

Let me pass on this morning's note from Andy Lees regarding the future of nuclear energy. Andy writes: Reuters highlights that the Obama administration wants Congress to boost loan guarantees from USD18.5bn to USD55bn to help build a…

Blogs

I don’t write about some topics for a reason

Edward Harrison Mar 21, 2011

This is just a reminder that, while I write about a broad array of topics here (the economy, monetary policy, investing, banks, Europe, technology, etc., etc.), there are some topics about which I don't know enough information to take an…

Political Economy

Fed must reveal recipients of credit crisis bailouts from 2008

Edward Harrison Mar 21, 2011

This is just in from Bloomberg: The Federal Reserve must disclose details of emergency loans it made to banks in 2008, after the U.S. Supreme Court rejected an industry appeal that aimed to shield the records from public view.…

Economy

Chart of the Day: U.S. Real Wages

Edward Harrison Mar 18, 2011

This chart was put together by David Rosenberg of Gluskin Sheff. It shows that wage growth in the U.S. is not keeping pace with inflation. For the statistical recovery to continue sustainably, we will need to either see this trend reversed.…

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