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.

Daily

Musings on initial claims, the US economy and Tesla as year end draws near

Edward Harrison Dec 23, 2020

For the second week in a row the raw jobless claims data have fallen, as has the uptick in the rate of increase in Covid-19 infections and death. Meanwhile, some 2.4 million people have been vaccinated worldwide, a Brexit negotiation seems…

Daily

Pegging market and economic trends

Edward Harrison Dec 18, 2020

In today's piece, I want to focus only on what's been happening rather than making any conjectures about what's likely to happen. Sometimes, it pays just to take stock of where we are because that can help discern where we're headed. So,…

Daily

Laying Out The Bullish Case

Edward Harrison Dec 16, 2020

It may seem a bit odd for me to talk about why someone might buy shares on a day when retail sales in the US were down 1.1%. But that's what's been on my mind all morning. I think the genesis of it is a conversation I had with Jay Pelosky…

Daily

Contextualizing the horrible jobless claims numbers

Edward Harrison Dec 10, 2020

So it turns out the dip in initial jobless claims last week was just an artifact of the Thanksgiving holiday. This week we played catch up and then some. The question now is where we go from here. Some thoughts on that below Big Head Ed…

Daily

Big miss on jobs numbers

Edward Harrison Dec 4, 2020

The report on the US Employment Situation for November 2020 was released today. And the headline job growth number was poor, a miss of over 200,000 jobs. But as I write this, markets are mostly of a bullish mindset, looking through this…

Political Economy

Good claims number. Now awaiting the jobs figure

Edward Harrison Dec 3, 2020

Very quick here The initial jobless claims number released this morning of 712,000 was well below expectations for 775,000. And it was also well below last week's upwardly revised figure of 787,000. That's very good news. But it is just…

Daily

Pre-inaugural fiscal relief unlikely

Edward Harrison Dec 2, 2020

I want to take stock of the economic landscape in the US now that the Thanksgiving holiday is past. There are three decisive variables in my view. The first is the ability of the healthcare system to deal with the coronavirus and keep…

Daily

Coronavirus and initial claims bogeys ahead of schedule

Edward Harrison Nov 25, 2020

The US is moving quickly toward a double dip recession despite the prospect of vaccines being administered as soon as next month. The question is not whether growth forecasts ratchet down. It's about how much they come down and what the…

Daily

Europe double dips as the US expands

Edward Harrison Nov 24, 2020

Lockdowns are very destructive for growth. We know that from the record-setting declines in GDP from the first global lockdowns back in the Spring. And we are getting a renewed sense of that fact now as Europe's economy has contracted under…

Daily

Double dip is now the base case for the US as well as the global economy

Edward Harrison Nov 19, 2020

The incoming data in the US make clear that the US is now also in jeopardy of recording a double dip recession because of the latest Covid-19 wave, just as Europe before it. Moreover, the data also make clear that there is no healthcare -…

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