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.

Technology

Facebook and the regulation of privacy

Edward Harrison Mar 27, 2018

In 2012, to protect user privacy, the FTC mandated regulatory controls at Facebook that it has not made. Therefore, Facebook faces potential fines and greater regulatory oversight. This will be expensive, and could potentially cause…

Monetary System

Cleveland Fed President Mester: Flat yield curve does not signal weakness

Edward Harrison Mar 27, 2018

Cleveland Federal Reserve President Loretta Mester has joined the chorus of Fed officials trumpeting hawkish views. Note her comments about financial stability and reloading the Fed's interest rate gun. At the margin, these variables…

Daily

Links: De-dollarization, top down US policy and the new Cold War

Edward Harrison Mar 27, 2018

As Trade War Heats Up, Biggest Currency Whales Make Their Move - Great article. Central banks are starting to diversify away from the US dollar. Many Wall Street strategists now see the euro as a viable alternative. My view: this shift…

Daily

Links: China tariffs, Italy, monetary offset and midterm turnout

Edward Harrison Mar 26, 2018

Links on the Chinese reaction to tariffs, economic problems in Italy, the dangers of monetary offset for shares, and the importance of voter turnout for the midterm US elections.

Political Economy

John Bolton’s appointment by Trump confirms serious geopolitical risk

Edward Harrison Mar 22, 2018

Donald Trump tweeted that he has appointed John Bolton as National Security Advisor. Bolton is a neo-conservative thinker with hawkish views on North Korea and Iran. His appointment is a sign that "Trump Unchained"is a change toward a more…

Technology

Facebook and the threat of cross-platform privacy leakage

Edward Harrison Mar 22, 2018

Some of the best performing stocks in the US are the large Internet-centric technology stocks like Facebook. But Facebook's data breach represents a threat to them from regulators

Monetary System

Jerome Powell affirms Fed commitment to rate hikes through 2020

Edward Harrison Mar 22, 2018

Inflation is the controlling variable from here on out. Two rate hikes are effectively off the table for 2018 as a likely outcome. Fed projections will rise to four rate increases if inflation rises. And beyond 2018, expect Fed projections…

Markets

Jeffrey Gundlach on today’s Fed meeting and bearish thoughts on stocks, equities, and Bitcoin

Edward Harrison Mar 21, 2018

In his most recent interview, Jeffrey Gundlach says he sees stocks down for the year. He also outlines at what point he sees a bond bear market. Most ominously, however, he describes the Fed as being on autopilot, with this driving the…

Technology

Credit Writedowns: 10,000 Posts and counting

Edward Harrison Mar 21, 2018

Credit Writedowns has now reached the magic threshold of 10,000 posts! That's about 1,000 posts a year, or a little under 3 posts a day for 10 years. I need your support to keep it going though.

Monetary System

The three things to look for in these Fed projections

Edward Harrison Mar 20, 2018

The FOMC is scheduled to release a policy statement tomorrow, with a press conference to follow. A quarter percent increase in the Fed funds target is guaranteed. But future Fed policy will depend on three Fed projections: the dot plot,…

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