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.

Political Economy

Hong Kong: “America is doing exactly what Japan did last time”

Edward Harrison Nov 13, 2009

Hong Kong’s leader Donald Tsang has come out with a scathing criticism of U.S. monetary policy, comparing it to Japan’s which he believes contributed to 1997’s Asian crisis. This is the most direct and strident criticism of the U.S. Federal…

Markets

Get in the market before it’s too late

Edward Harrison Nov 13, 2009

Just arrived in my inbox: If you want to know what market momentum is all about, here you have it. Get in now to profit. Sources Bill Gross Calls High-Yield Corporate Debt `Overvalued': Video (video here) – Bloomberg

Economy

Jamie Dimon makes the best case for not breaking up banks

Edward Harrison Nov 13, 2009

The Jamie Dimon piece in today’s Washington Post is a must-read. Dimon, head of behemoth JPMorgan Chase makes the best case for not breaking up large too-big-to-fail financial institutions. His idea: set up a robust resolution process and…

Economy

Ten lessons from financial crisis investors will soon forget

Edward Harrison Nov 12, 2009

A friend sent me the following presentation earlier in the week when I was feeling a bit ill. So I neglected to post it. But, I want to return to it because it is in keeping with my recovery/depression theme. These are the issues that…

Economy

Parallels between US and Japanese economies

Edward Harrison Nov 12, 2009

In the video below, Marshall Auerback gives a even-handed analysis of the parallels between the US and Japan on Fox Business with Brian Sullivan. Demographic trends, GDP trends and deleveraging trends are all similar. But, Marshall goes…

Economy

How well capitalized is Citigroup?

Edward Harrison Nov 12, 2009

In a recent post, “How is Citi going to deal with $38 billion in deferred tax assets?,” I pointed to a Reuters article which called into question Citigroup’s ability to earn enough money to prevent its having to take a charge for an…

News

News from around the web: 2009-11-12

Edward Harrison Nov 12, 2009

FT.com - Lloyds raises new capital target as bondholders warm to CoCos (sounds like good investor appetite for Lloyd's) FT.com - Dollar knocked by China renminbi hints (Chinese showing they could revalue just before Obama arrives)…

Political Economy

Geithner: “Market-oriented exchange rates in line with economic fundamentals will be…

Edward Harrison Nov 12, 2009

Is it just me or did Secretary Geithner just talk out of other side of his mouth? Today he wrote an Op-Ed in the Wall Street Journal with two Asian leaders to mark a big meeting of APEC (Asian Pacific Economic Cooperation) in Singapore.…

Economy

New unemployment claims are coming down

Edward Harrison Nov 12, 2009

The latest number on unemployment claims shows a seasonally-adjusted 502,000 people applied for unemployment insurance last week, bringing the more meaningful 4-week average down to 519,750, the lowest since late November 2008. That is a…

Political Economy

Unemployment insurance for the 21st century

Edward Harrison Nov 12, 2009

L. Randall Wray has a post up at New Deal 2.0 which puts forward an idea which is pretty innovative. I would label it a private sector replacement for unemployment insurance. It’s the kind of thinking that might bring Obama out of a policy…

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