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.

News

Links: 2010-10-26

Edward Harrison Oct 26, 2010

The US Fed Won't Join Bank Supreme Court Appeal on Loan Disclosures – Bloomberg FT Alphaville » Long Room » No longer in suspense on the HAMP second lien program FT Alphaville » Smithers vs Wolf Are Bloggers Breeding…

Markets

Black Says `Major Frauds’ Continue at Mortgage Companies

Edward Harrison Oct 26, 2010

Short clip below. Regarding the comments about Citi, see this article here. This is not new news because Bowen testified in April (see here). Yet, nothing was done in the intervening six months until the foreclosure crisis precipitated…

Political Economy

Blanchflower: G-20 Meeting `Complete Waste Of Time’

Edward Harrison Oct 25, 2010

Good interview on Bloomberg with David Blanchflower. He thinks the US is going to manipulate its exchange rate by printing a bunch of dollars, leading to currency revulsion and selling of dollars. Meanwhile everyone else is fixated on…

Monetary System

On Liquidity Traps and Quantitative Easing

Edward Harrison Oct 25, 2010

Here's a good discussion of what liquidity traps are from John Hussman. His weekly market commentary begins: "There is the possibility... that after the rate of interest has fallen to a certain level, liquidity preference is…

Markets

Graph of the Day: Annual RMB Export Growth vs. RMB-USD Appreciation

Edward Harrison Oct 25, 2010

This graph comes via the Council on Foreign Relations (hat tip James Fallows). The Chinese were implementing a gradual revaluation before the credit crisis. They stopped revaluing their currency versus the USD in 2008. And…

Halloween Humour for Elizabeth Warren

Edward Harrison Oct 25, 2010

If your kids want to dress up as a scary figure for Halloween, they can get this mask below (hat tip Yves Smith).

News

Links: 2010-10-25

Edward Harrison Oct 25, 2010

The Automatic Earth: October 23 2010: Jim Puplava interviews Stoneleigh, Part 2 End Of An Era: Sony Stops Manufacturing Cassette Walkmans FT.com / Comment / Opinion - Why capital controls are not all bad SEC questioned Warren…

Markets

Chart of the Day: 2010 S&P Performance Overtakes 10-year Treasuries

Edward Harrison Oct 25, 2010

Here's an interesting note on quantitative easing and asset allocation from Andy Lees of UBS. He says: The attached chart gives a simple overlay of the front month 10 year US Treasury future vs the front month S&P future. As…

News

Links: 2010-10-24

Edward Harrison Oct 24, 2010

Pound forecast to tumble on 'insane' spending cuts - Telegraph Five Best Mobile Alarm Apps - Lifehacker What is Wrong with the New Elite?, Arnold Kling | EconLog | Library of Economics and Liberty Wie eine Finanzkrise sich in…

Daily

This Week’s Most Popular Posts: 2010-10-23

Edward Harrison Oct 24, 2010

We had a lot of good posts at Credit Writedowns this past week. Below is a list of the most-read. Enjoy. Chile: "We are very much concerned about what's happening with our currency": Comments by Chile's central bank…

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