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.

Economy

ISM Manufacturing Report bullish for US economy

Edward Harrison Feb 1, 2011

The PMI Index for the January 2011 Manufacturing ISM Report On Business® released this morning increased to 60.8% from 58.5% in December. This was well above consensus estimates, which looked for a dip to 57.9%. With 50 seen as the…

Political Economy

Back to the global imbalances norm

Edward Harrison Feb 1, 2011

Here is my mantra regarding so-called 'unsustainable' debt levels. I feel strongly about this topic so I'll repeat it and show you a few statistics on consumer debt from the recent US government data: oor quality growth can continue…

Economy

Davos leaves Nouriel Roubini downbeat about policy coordination and Egypt contagion risks

Edward Harrison Jan 31, 2011

Piggybacking off of my last post highlighting Nouriel Roubini's talk with Simon Constable, I wanted to present three videos from Roubini's appearance on NBC Europe this morning. In the earlier pre-Davos Wall Street Journal interview,…

Economy

Nouriel Roubini Sees Great Risks in the US and Global Economy

Edward Harrison Jan 30, 2011

Nouriel Roubini talks with the Wall Street Journal's Simon Constable in the video below about both the developed economy – emerging economy divide that has developed as well as the challenges ahead for the US economy. His view on both…

Business

SNL: The real Zuckerberg yucks it up with the actor who played him

Edward Harrison Jan 30, 2011

Facebook CEO Mark Zuckerberg was on Saturday Night Live last night with guest host Jesse Eisenberg, the actor who played Zuckerberg in the acclaimed movie "The Social Network" and it was all hugs. Zuck came on the show to show he…

Political Economy

Marshall Auerback on Market Implications of Civil Unrest in Egypt

Edward Harrison Jan 29, 2011

Marshall Auerback spoke to BNN's Squeeze Play about the civil unrest in Egypt and what the unrest means for financial markets and the global economy. The most obvious global implications regard the potential for civil unrest elsewhere and…

Economy

On Britain’s Austerity and Rosenberg’s Depiction of Obama as Herbert Hoover

Edward Harrison Jan 27, 2011

I have written a post or two offering the opinion that Barack Obama faces an economy more akin to Herbert Hoover's than Franklin Roosevelt. See "Barack Obama as Herbert Hoover" where posited the following: My intent here is…

Economy

Why Are States and Cities Going Out of Business?

Edward Harrison Jan 27, 2011

In the video below, David Wessel argues forcefully that we are seeing four big issues. State and local revenue i.e. their tax base has been decimated by the downturn at the same time as many turn to government to keep their heads above…

Economy

Housing bad, Consumer confidence good… What gives?

Edward Harrison Jan 27, 2011

The gist of the conversation we had on Business News Network on Tuesday was that the data coming out of the U.S. ahead of the President's State of the Union address was conflicting. Housing was dreadful, but consumer confidence was up;…

Markets

Case-Shiller numbers confirm housing double dip

Edward Harrison Jan 25, 2011

The Case-Shiller numbers this morning were lower than expected and confirm a housing double dip which began in July when both the Composite-10 and Composite-20 numbers peaked. The Composite-10 is down 0.5% y-o-y and the Composite-20…

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