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.

Monetary System

Stephen Roach: Americans’ abandonment of overconsumption is a good thing

Edward Harrison Nov 28, 2008

Stephen Roach must feel a certain sense of Schadenfreude because he has been warning since the end of the Technology Bubble that U.S. monetary policy was reckless and would end in a very bad way. The bubble reached heights few anticipated,…

Markets

Marc Faber: I advise every American to hold his gold outside of the United States

Edward Harrison Nov 28, 2008

Marc Faber is a hard money, old school investor who thinks that the U.S. government is going to reflate in order to avoid depression and that means gold. But, for those of you who don't know economic history, the fact is that this has been…

Political Economy

German chancellor chastises US for easy money

Edward Harrison Nov 27, 2008

Angela Merkel, the German Chancellor has rebuked the United States for its easy money policies, suggesting it was kicking the can down the road and setting up a greater problem later. It is high time the debate about monetary policy made…

Economy

US jobless claims down on seasonal adjustments

Edward Harrison Nov 27, 2008

Unemployment claims declined this week to 529,000 from a reading of 542,000 last week. These are very high numbers -- the highest figures in this business cycle. Despite the drop, all of the changes were related to seasonal factors as the…

Markets

UK: House price fall moderates, prices still down 13.9% in year

Edward Harrison Nov 27, 2008

Today the Nationwide released their monthly UK-wide figures on house prices and the numbers were better. House prices fell 0.4% in the last month, bringing the annual fall to 13.9%, down from 14.6% in October. Nevertheless, this is the…

Political Economy

Fed continues to stonewall in Freedom of Information Act suit

Edward Harrison Nov 26, 2008

Back on November 7th, I posted a story on how Bloomberg News was compelled to sue the Federal Reserve under the Freedom of Information Act in order to find out what type of assets the Federal Reserve was accepting as collateral for loans to…

Markets

James Montier sees “deep value” in markets – he is bullish

Edward Harrison Nov 26, 2008

James Montier, a market guru usually known as a permabear has turned bullish of late. In keeping with my bullish sentiments, I have posted his thoughts below according to Bloomberg News. That said, I should always qualify my…

Economy

Quote of the day: Willem Buiter – Tits on a bull

Edward Harrison Nov 26, 2008

Willem Buiter has a very useful and provocative blog at the Financial Times website called Mavercon. The Dutch-born former Bank of England MPC member is not afraid to take policy makers to task or call a spade a spade. In his latest post…

Markets

Case-Shiller Home Price index shows a 17% fall

Edward Harrison Nov 26, 2008

The S&P/Case-Shiller® Home Price Indices were released yesterday. Unfortunately, I was away all day and could not post. The indices showed a further decline in home prices in the United States through September 2008 (the data most…

Markets

Jeremy Grantham: In-depth television interview with Consuelo Mack

Edward Harrison Nov 26, 2008

The renowned money manager Jeremy Grantham has had his first television interview ever with Consuelo Mack on Mack's program WealthTrack. Below is the video from that interview. Mack has promised to make a longer video available to those…

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