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

More thoughts on the switch from dollars as reserve currency

Edward Harrison Mar 24, 2009

This comes from Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman (bolding in original). Chandler does NOT see an imminent switch to Euros in the offing, despite the recent musings by Chinese officials (Neither…

News

Links: 2009-03-24

Edward Harrison Mar 24, 2009

Here are the main links. Others can be found in the news feed (also available via RSS). Enjoy. The Cultural Costs of Bailout Nation - Baseline Scenario The biggest problem with the Geithner plan - John Hempton The fiscal vacuum…

Economy

Don’t underestimate the power of printing money, part 2

Edward Harrison Mar 23, 2009

Paul Kasriel thinks the Fed announcement that it is monetizing the U.S. Federal Government's deficit is very important. He ends his article at Northern Trust with these words: In the coming months, the federal government is going to be…

Political Economy

China wants to get rid of the dollar

Edward Harrison Mar 23, 2009

This comes via the Financial Times (Hat tip CR): China’s central bank on Monday proposed replacing the US dollar as the international reserve currency with a new global system controlled by the International Monetary Fund. In an essay…

Political Economy

Can Geithner’s public-private partnership get it done?

Edward Harrison Mar 23, 2009

Barack Obama's presidency will likely be decided by one single issue - his ability to deal with this financial crisis. With the release of his Treasury Secretary Tim Geithner's Public Private Partnership Investment Program two months into…

Political Economy

FDIC Chairman Sheila C. Bair Statement on the Legacy Loans Program

Edward Harrison Mar 23, 2009

FDIC Chairman Sheila C. Bair said, "It has been clear for some time that troubled loans and securities have depressed market perceptions of banks and impeded new lending. Difficult market conditions have complicated efforts to sell these…

Political Economy

Press Release: Public Private Partnership Investment Program

Edward Harrison Mar 23, 2009

Below are the just-released details on the U.S. Treasury Public Private Partnership Investment Program. I will have commentary shortly in a separate post. However, before I do, I am posting the details here for your reference.

News

Links: 2009-03-23

Edward Harrison Mar 23, 2009

Toxic assets plan is big White House test - FT.com US Treasury toxic asset plan: factbox - Telegraph MidEast fund takes 9% stake in Daimler - FT.com AIG starts makeover, changes sign at NY office - Reuters It's time to give up…

Economy

Drug suspects show Ben Bernanke how to drop helicopter money

Edward Harrison Mar 20, 2009

You probably saw this one already, but a pair of suspected narcotics traffickers threw gads of money from their car window while being pursued by the Drug Enforcement Agency (DEA) in a car chase in San Diego. Basically, it was free money…

News

Links: 2009-03-20

Edward Harrison Mar 20, 2009

Here are the main links. Others can be found in the news feed (also available via RSS). Enjoy. No Return to Normal - James K. Galbraith A Sign of the Times: A.I.G. Sues Countrywide - Deal Book Mexico Treasury Seeks Measure…

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