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

Morgan Stanley expects 10-year yields to rise 220 bps in 2010

Edward Harrison Nov 20, 2009

Morgan Stanley’s piece on Treasuries Priced for Perfection...for Now! is pretty bearish. The basic gist is that while the ten-year represents fair value today, because inflation expectations have become unanchored, Morgan Stanley expects…

Economy

Largest U.S. refiner Valero now permanently shutting capacity

Edward Harrison Nov 20, 2009

Valero Energy has just announced it is shutting down its Delaware City Refinery. This is a major news announcement because refiners should be seen as a canary in the coalmine for end-user demand and Valero is one company in the oil…

News

News from around the web: 2009-11-20

Edward Harrison Nov 20, 2009

Nationwide Says British House Prices May Fall on Job Losses - Bloomberg.com Investors ask Goldman to be less greedy: report | Reuters BBC News - Tobacco firm Philip Morris to pay out $300m in damages Susan Boyle Makes Amazon…

Economy

Bill Gross: "I think unemployment is here to stay"

Edward Harrison Nov 20, 2009

Video embedded below

Markets

Ivy Zelman: “Home prices are going back down”

Edward Harrison Nov 20, 2009

The Mortgage Bankers Association is reporting that nearly one in ten households with mortgages are at least one payment behind. That is a record, my friends. And it certainly means we cannot believe house prices have permanently…

Markets

Gross isn’t buying corporates, high yield or equities even with zero rates

Edward Harrison Nov 19, 2009

I pick up Bill Gross where I left him on Friday. He said in his monthly newsletter that the Fed is going to keep interest rates at zero percent through 2010. But, he is not willing to stick his neck out in a liquidity seeking return…

Political Economy

What would an alternative to bailouts have looked like?

Edward Harrison Nov 19, 2009

I have written extensively about how I believe the bank bailouts were the worst of all possible solutions – fixes that perpetuate too big to fail, moral hazard and crony capitalism. That ship has sailed, but the questions still linger…

Economy

Tim Geithner defends himself before Congress

Edward Harrison Nov 19, 2009

Video embedded below. See also Democratic Rep. DeFazio Calls for Geithner and Summers to Be Fired - Yves Smith

Monetary System

If the U.S. stopped issuing treasuries, would it go broke?

Edward Harrison Nov 19, 2009

Here’s another interesting piece from Randall Wray, the economics professor from University of Missouri-Kansas City (that same school which employs Bill Black of “The Best Way to Rob a bank is to own one” fame). Wray has a lot to say…

News

News from around the web: 2009-11-19

Edward Harrison Nov 19, 2009

The Rise and Fall of Empires - Paul Kedrosky (cool visual) FT Alphaville - A Minskian roadmap to the next gold mania At Failed Banks, Post-Mortems Disclose Excessive, Yet Obvious, Risk - NYTimes.com Economic Perspectives from…

Previous 1 … 512 513 514 515 516 … 779 Next