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

Concerns Over Monetary Policy And Other Links

Edward Harrison Jul 9, 2010

I have a lot of links today, so I will do two sets. Topic of the Day: Monetary Policy Here is the first set with an emphasis on monetary policy and debt. The ECRI Index came out at a –8.3% annualized. That's getting very close to where…

Monetary System

A reduction in both fiscal and monetary stimulus

Edward Harrison Jul 9, 2010

I have argued that both fiscal and monetary stimulus would be withdrawn sooner than most people expected. Here's how I put it in March (emphasis added): I expect the following to occur: Public pressure to withdraw monetary and…

Economy

Would The U.S. Economy Have Double Dipped If The Fed Raised Rates in 2003?

Edward Harrison Jul 9, 2010

The Chris Whalen interview on CNBC has me thinking about the Federal Reserve's policy dilemma right now. If you haven't seen his comments on interest rates, read my post Roubini, Bremmer and Whalen: Fixing the Financial System and Double…

Markets

Are the rich the biggest strategic defaulters?

Edward Harrison Jul 8, 2010

It would seem so from the statistics compiled by the New York Times. The article leads in by suggesting the rich are 'losing their home but given the talk about strategic default earlier in the year (see here), you should wonder whether…

Markets

Kass: Stocks Have Hit Bottom For Year; This Must Be The Place

Edward Harrison Jul 8, 2010

After three days of major market gains, call me naive, but this must be the place! Seriously though, I do think we are in a secular bear market and expect prices to go lower. Remember the 200-day moving average is still above 1100. We're a…

Economy

Roubini, Bremmer and Whalen: Fixing the Financial System and Double Dipping

Edward Harrison Jul 8, 2010

Below is the video of Chris Whalen of Institutional Risk Analytics, Nouriel Roubini and Ian Bremmer of the Eurasia Group giving their assessment of the financial system and the overall economy. The group was on CNBC earlier this week…

News

Bullish Economic Data And Other Links

Edward Harrison Jul 8, 2010

Topic of the day: Bullish data 30-year mortgage rate edges down to new low | Los Angeles Times Delinquent loans: Americans missing fewer loan payments, banking group says - latimes.com First-time unemployment claims drop by 21,000…

Markets

Jim Bianco Expects `Retrenchment’ of Stocks

Edward Harrison Jul 8, 2010

Jim Bianco, president of Bianco Research, talked with Bloomberg's Susan Li about the outlook for U.S. stocks. When Li asks him about the 3pc gains we saw yesterday, he said the markets were oversold but that he expects stocks to retrench.…

Economy

Text: EU Statement on Stress Tests of 91 European Banks

Edward Harrison Jul 7, 2010

The following is the press release released by the EU on the subject of the European Bank Stress Tests. There will be 91 institutions undergoing the tests. I have provided a list of the specific institutions below. The greatest number of…

Monetary System

On Crises of Capitalism

Edward Harrison Jul 7, 2010

Great video detailing explanations for why the financial crisis happened. Big hat tip to the Pragmatic Capitalist. I like this first aspect of the video and I LOVE the drawings. Very cool. Of course, you know that you're going to get…

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