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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

U.S. jobless claims fall to 3-month low, still over 600,000

Edward Harrison Apr 16, 2009

Jobless claims in the U.S. fell to a three month low of 610,000 on a seasonally-adjusted basis in another clear sign that fewer people are filing for jobless claims than early in the year. Nevertheless, 600,000 more filed for claims this…

Economy

UBS is too big for Switzerland

Edward Harrison Apr 15, 2009

I am sure you have seen the catastrophic financial results of Swiss bank UBS released this week. I have been saying for quite some time that UBS is too big to fail, but also too big to bail for tiny Switzerland. In my view, the recent…

Economy

Jim Grant says U.S. policy response is inflationary

Edward Harrison Apr 15, 2009

Jim Grant is definitely not in the deflation camp. He believes a robust policy response and enormous expansion in the Fed balance sheet is storing up monster inflationary forces which could take holding a recovery. As a result, he is…

Monetary System

Turning Japanese and understanding the consequence of policy half-measures

Edward Harrison Apr 15, 2009

This is another post I originally ran on Naked Capitalism last month. As you know, I have turned more positive about the potential for a cyclical economic recovery. However, I am unchanged regarding much of the sentiment expressed in this…

Political Economy

Barack Obama as Herbert Hoover

Edward Harrison Apr 14, 2009

This is a post I originally posted over at Yves Smith's site, Naked Capitalism, in April 2008. My intent here is not to malign Obama, Roosevelt or Hoover or make facile comparison but to identify important differences between the economic…

News

Links: 2009-04-14

Edward Harrison Apr 14, 2009

The first link should be a reminder of how powerful the downtrend has been. Also, regarding the inventory purge now ongoing, inventories do not even actually have to be rebuilt to get a statistical up-move going forward, they have to be…

Blogs

In transit

Edward Harrison Apr 14, 2009

I am in London right now and through next Monday, I will also be on European time, so expect posts earlier than usual. Also, I will be in transit for the rest of the day today. So posting will be light or non-existent. I'l be back soon.…

Political Economy

A conversation with Robert Caro on Charlie Rose

Edward Harrison Apr 13, 2009

One of my favorite books is "The Power Broker," a book for which Robert Caro won a Pulitzer Prize. It documents the life and times of master builder Robert Moses, who shaped New York City and American and world city planning for decades.…

Economy

Green Shoots over Thin Ice

Edward Harrison Apr 13, 2009

John Hussman has a nice piece out named "Green Shoots over Thin Ice. (hat tip Scott)" Below is the core of his argument regarding the recent rally in stocks and the free gift to bondholders. I have bolded parts of the original to add…

Political Economy

Massive debt issuance in the U.S. and elsewhere

Edward Harrison Apr 13, 2009

This contribution comes from Marc Chandler of Brown Brothers Harriman, one of my favourite currency strategists. His latest missive highlights the huge amount of debt being issued by sovereigns. It is not just the United States.: Much of…

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