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

The Aggregate Picture on Mortgage Delinquencies and Foreclosures

Edward Harrison Nov 4, 2010

Lender Processing Services releases a monthly data set which gives a better view into how the mortgage market is doing overall. I have taken a look at the most recent publication and have a few charts to share with you below on the data…

Political Economy

(Don’t Fear) The Reaper, The Fed Says ‘More Cowbell’

Edward Harrison Nov 4, 2010

In a famous "Saturday Night Live" skit, Christopher Walken plays a legendary rock music impresario whose advice, his only advice, to a young band is "more cowbell." The actor Will Ferrell furiously pounds away on a…

Markets

Chart of the Day: NY Spot Gold and Commodities Respond To Fed Money Printing

Edward Harrison Nov 4, 2010

The Federal Reserve is attempting to reflate the US economy to close the output gap and create jobs. They have decided to purchase medium-term Treasury paper to do so. But monetary policy is a blunt instrument. QE is already having all…

Political Economy

QE Proving a Success But Emerging Markets Respond

Edward Harrison Nov 4, 2010

Andy Lees of UBS writes that quantitative easing is having the (designed) effect of diluting and transferring US debt elsewhere. It is already a success. In a morning note he tells us: Yesterday Saudi shifted its oil price target…

Economy

Stat of the Day: Ireland soars to number three for highest government default probabilities in the…

Edward Harrison Nov 3, 2010

Despite austerity in Ireland, things have gone decidedly pear-shaped for the Irish government as its bank bailout-ridden deficit has ballooned to a magnificent 32% of GDP and debt spreads to German bunds are at record levels.…

News

Jonah Lehrer on Financial Bubbles and Other Links

Edward Harrison Nov 3, 2010

Markets

EUR/NOK

Edward Harrison Nov 3, 2010

The Norwegian Krone looks interesting with oil prices high and the Norwegian domestic economy doing well. Andy Lees of UBS writes: Whilst I like the Norwegian currency, benefitting from its oil and gas, its oil fund and the fact that…

Economy

How Quantitative Easing and Permanent Zero are Toxic To Bank Net Interest Margins

Edward Harrison Nov 3, 2010

All eyes are on the Fed today because markets across the globe in bonds, equities, commodities and forex want to know how much quantitative easing (QE) the Federal Reserve will do and what assets they will buy. As US short-term interest…

Economy

ADP: U.S. private employers add 43,000 jobs in October

Edward Harrison Nov 3, 2010

The ADP number is higher than expected and is the last piece of major economic data we will see before the Fed's FOMC meeting announcement. I am not sure whether the Fed will have seen the Labor Department number, but these jobs data…

News

Links: 2010-11-02

Edward Harrison Nov 2, 2010

Special Link: Financial Blog Wars | The Reformed Broker with a Star Wars-themed list of financial blogs Housing, Mortgages and Mortgage Derivatives SEC Investigating Deal Between JPMorgan and Hedge Fund Magnetar - ProPublica Obama…

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