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

How will the Fed withdraw all that liquidity?

Edward Harrison Jun 26, 2009

It seems like a long time off, but the Fed is going to eventually have to withdraw all of the excess liquidity it has created when the economy recovers. However, doing so will prove tricky. First, we have debt deflationary…

Economy

AIG: More giveaways to financial services via NY Fed

Edward Harrison Jun 26, 2009

Here’s another $25 billion giveaway to AIG. Notice that AIG gets the upside over $25 billion. Does this ever stop? Bloomberg reports. American International Group Inc., the insurer bailed out by the U.S. government, agreed…

Political Economy

Obama takes middle road on stimulus and taxes that leads nowhere

Edward Harrison Jun 26, 2009

I am re-posting this February article because it is clear that many of the policy dilemmas Barack Obama is now facing on the economy were wholly predictable. In this post and another from January, I argued that it was better to have zero…

News

Links: 2009-06-26

Edward Harrison Jun 26, 2009

'Stoned wallabies make crop circles' - BBC News "Australian wallabies are eating opium poppies and creating crop circles as they hop around "as high as a kite", a government official has said." Is an Ugly…

Michael Jackson-o-rama

Edward Harrison Jun 25, 2009

Love him or hate him, Michael Jackson was an extraordinary performer. His death is as shocking as Elvis’ 32 years ago. Rest in peace. Here are some videos I got via Mashable. Tragically, Farrah Fawcett has also died. Rest in peace.

Economy

Throwing Bernanke under the bus

Edward Harrison Jun 25, 2009

In case you missed it, Federal Reserve Chairman Ben Bernanke was on Capitol Hill this morning making his caseregarding the Bank of America – Merrill Lynch deal. The Chairman stated in unequivocal terms that he did not pressure…

Economy

Is Bernanke Toast? If he is, Summers is a shoo-in

Edward Harrison Jun 25, 2009

Here’s a conspiracy theory for you. As I am not much of a conspiracy theorist, I ill keep this one pretty simple. Here’s the chain of events. Back in late September when the world was falling apart, Ben Bernanke, Tim Geithner and Hank…

News

Links: 2009-06-25

Edward Harrison Jun 25, 2009

What I was afraid of - Paul Krugman As I also predicted, Obama's stimulus package is now looking inadequate. Volcker Gets Less Than He Wants in Curbing Wall Street Excesses - Bloomberg The title says everything, doesn't…

Economy

Jobless claims rise slightly, weakness remains

Edward Harrison Jun 25, 2009

Initial Jobless claims rose in the latest week to 627,000 from a revised 612,000. Continuing claims also rose to 6,738,000, demonstrating that the job market in the U.S. remains weak. Now, back in April and May, I made a big to-do about…

Markets

Does Ben Bernanke blow bubbles too?

Edward Harrison Jun 25, 2009

During Alan Greenspan’s tenure at the helm of the Federal Reserve, he was often accused of using monetary policy to target asset markets so as to keep the party going. In short, Alan Greenspan was seen by many, including myself, as the…

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