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.

Economy

The Fake Recovery

Edward Harrison Apr 13, 2009

This April 2009 post is holding up well and still describes my view on the economic situation in the United States. I am much more confident that the cyclical forces I described here are leading to a recovery. The question now has to do…

Political Economy

Liquidity

Edward Harrison Apr 9, 2009

This is a re-post that I hope serves as a reminder that although we are NOT talking about a liquidity crisis in the financial sector, but rather a solvency crisis, liquidity remains very much a concern. This post, despite being 6 months…

Economy

Wells profit forecast is a clear bullish sign

Edward Harrison Apr 9, 2009

I am still away on Holiday in Mexico but have been checking the news and was not surprised to learn about the recent Wells Fargo announcement. I am coming off the fence here and looking for a bullish outcome on financial services. The…

Markets

Chinese to start settling trade in Yuan

Edward Harrison Apr 9, 2009

This comes from Marc Chandler of Brown Brothers Harriman: China appears to be an offensive of sorts. The governor of the PBOC proposed evolving the SDR as an alternative reserve asset. China has announced CNY60 bln of swap lines with a…

News

Links: 2009-04-08 – European edition

Edward Harrison Apr 8, 2009

Europe is a mess right now. I have had a few days to relax and work trough some thoughts about where this global depression is headed. Upon coming back to the site, I was struck by how poorly Europe's economies are doing. As I have said…

Economy

Baltics: Fitch downgrade and more downgrades to come

Edward Harrison Apr 8, 2009

The first time I wrote about the Baltics was back in August in a post entitled, "Are the Baltics the new Argentina?." Since then, things have gotten progressively worse and the Baltics are clearly in Depression with Latvia leading the way…

Economy

Mike Mayo: writedowns worse than the Great Depression

Edward Harrison Apr 8, 2009

Despite the fact that I can envisage a cyclical upturn this Winter, the menace of bank writedowns is ever-present. One analyst who has been particularly prescient on warning on this front is Mike Mayo, now working at Calyon. Below David…

News

Links: 2009-04-06

Edward Harrison Apr 6, 2009

As I am away, I thought I would let my blogger brethren do the talking for me. Enjoy. Sign of strength or evidence of weakness? China’s dollar reserves - Brad Setser A Tale of Two Depressions - Vox IMF recommended euroisation to…

News

Links: 2009-04-05

Edward Harrison Apr 5, 2009

William Black on Bill Moyers - Paul Kedrosky Canadian Banks: A better system - National Post I'm sure Marshall loves this one Wall Street Back To Its Criminal Ways? - Tyler Durden Interesting take Life expectancy to fall as living…

News

Links: 2009-04-04

Edward Harrison Apr 4, 2009

I have a ton of links today, so I have broken then out into sections. See the news feed for other stories. Finance Inside Obama's bank CEOs meeting - Eamon Javers - POLITICO.com “My administration,” the president added, “is the only…

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