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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.

Monetary System

Are we pushing on a string or crowding out?

Edward Harrison Dec 2, 2009

This is an important question which Brad DeLong asks (Hat tip Mark Thoma). Here’s the logic: Right now, if you ask the decisive members of congress—by which I mean the Blue Dog Democrats in the House, or the most conservative Democrats…

Monetary System

Australian Professor in Japan makes case for protectionism against China

Edward Harrison Dec 2, 2009

As I indicated earlier today, I generally see protectionism not as a second-best argument like Paul Krugman, but as something to avoid entirely. Nevertheless, calls for more protectionism are being heard everywhere. Gregory…

Monetary System

Quantitative easing is not the cure to what ails Europe

Edward Harrison Dec 2, 2009

"This is definitely a threat on the horizon," said Blaise Ganguin, the agency's European credit chief. Some 75 companies large enough to be rated face likely default in 2010 as the slow-burn effects of the crisis hit home.…

Economy

Privately-owned AmTrust’s bankruptcy a bad sign for regionals

Edward Harrison Dec 2, 2009

AmTrust Financial, a privately held regional bank holding company based in Cleveland, has just filed for bankruptcy. With well over $10 billion in assets, AmTrust Bank is fairly large. The circumstances surrounding its failure are unusual…

Economy

S&P cuts Bank of Ireland’s rating while Goldman says buy

Edward Harrison Dec 2, 2009

After going bullish on bank stocks in April, two months ago I said most of the upside in bank shares was priced in. Since that time, shares have traded sideways to down. I expect this trend to continue as headwinds like another wave…

News

News from around the web: 2009-12-02

Edward Harrison Dec 2, 2009

Treating toddlers for autism boosts IQ later - New Scientist Goldman Gets All The Attention. Does J.P. Morgan Get a Free Pass? - Deal Journal - WSJ Roubini’s Bubbles Float on Flimsy Credit Source: Caroline Baum - Bloomberg.com…

Economy

Get your war on

Edward Harrison Dec 2, 2009

Remember when the war in Afghanistan began 8 years ago? I remember reading sarcastic cartoons on a site by David Rees called “Get Your War On.” Here are the first entries: Certainly something to think about given the announcement…

Economy

Americans say forget about works programs and go for protectionism

Edward Harrison Dec 2, 2009

The most recent Gallup Poll on what Americans think is the best way to create jobs is a bit disheartening because it flies in the face of basic economics. Protectionism is the number one way Americans believe more jobs can be created. …

Business

Fritz Henderson gone as head of GM

Edward Harrison Dec 1, 2009

I wonder if the recent missteps with Opel and Saab had anything to do with this. CNN Money reports: In a surprise move, General Motors chief executive Fritz Henderson resigned Tuesday, giving the battered government-owned…

Economy

Wither stimulus

Edward Harrison Dec 1, 2009

This comes via the Wall Street Journal: Highway-construction companies around the country, having completed the mostly small projects paid for by the federal economic-stimulus package, are starting to see their business run aground, an…

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