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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

Definition of terms

Edward Harrison Jan 6, 2010

For those of you who want specifics. Kleptocracy as defined in Wikipedia: Kleptocracy, alternatively cleptocracy or kleptarchy, from Greek kleptes (thieve) and kratos (rule), is a term applied to a government that takes advantage of…

Economy

The Democratic Party meltdown of 2010

Edward Harrison Jan 6, 2010

I want to talk about the drubbing the Democrats are going to take in this year’s elections and what it means, if anything. As a sort of pre-amble, I will lead into this with some thoughts on tax cut propaganda and today’s piece by the…

Political Economy

Leading a reader to water

Edward Harrison Jan 5, 2010

I wrote a post earlier today on kleptocracy and the one-party system of government that I thought was pretty explicit. But, judging from the comments, particularly at Naked capitalism, apparently I have to spell it out – tell readers…

Economy

News from 1931: New York Auto Show special

Edward Harrison Jan 5, 2010

This comes from the up until New Year’s aptly-titled “News from 1930” website. It’s now really News from 1931 as it chronicles news during the Great Depression from exactly 79 years ago to the day. US car and truck exhibitors at…

Monetary System

Caroline Baum: Bernanke’s defense of easy money is ivory tower nonsense

Edward Harrison Jan 5, 2010

This quote from Caroline Baum sums things up pretty well about the Fed's complicity in blowing a massive bubble in housing and in stocks before it. I know Bernanke has given this issue a great deal of thought and devoted the Fed’s…

Political Economy

On kleptocracy and the sense that we have a one-party system

Edward Harrison Jan 5, 2010

As a writer, Matt Taibbi is a lot more vitriolic than I am. He curses, makes some pretty over-the-top personal attacks, and divines a policymaker’s intent where I don’t think he can. But, this goes mostly to style. Substantively…

News

Links: 2010-01-05

Edward Harrison Jan 5, 2010

In addition to these non-finance links, I am also adding a few missed items to the financial news links post that I caught after I originally published it. Hat tip to mark Thoma on these. Observations: Obesity is now just as much of a…

News

Financial News: 2010-01-05

Edward Harrison Jan 5, 2010

ataxingmatter: More on freshwater economics (This post certainly gives a lot more credit to Keynes than I would. But it does point out the 'ideology' behind the extreme version of freshwater economics that is being peddled today…

Daily

Byron Wien: Ten Surprises for 2007 and 2008

Edward Harrison Jan 5, 2010

Given the fact that I have just finished writing two articles on Wien’s predictions for 2010, I thought it relevant to look back at the last three years of Wien’s surprises to just before the housing crisis. I posted the 2009 predictions…

Economy

Pension disaster makes states and cities into financial basket cases

Edward Harrison Jan 4, 2010

Employees of US states and cities have much better pension plans than do Average Americans and this is creating some serious budgetary problems, one reason to be very careful in assessing municipal bonds, particularly general revenue ones.…

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