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

Trump’s abuse of power and monetary offset

Edward Harrison May 17, 2017

Here in Washington, the city is abuzz over the crisis engulfing the Trump Administration. But politics are less important to markets than one might expect, despite markets being forward-looking. That’s because it’s often hard to judge what…

Political Economy

What Schäuble is really saying about Macron and Europe

Edward Harrison May 13, 2017

German Finance Minister Wolfgang Schäuble talked to German weekly Der Spiegel about the election of Emmanuel Macron as French President, and this interview is being widely quoted in the English-language press without benefit of a…

Economy

Weekly initial claims down to 236,000 as Q2 heads to 3% growth

Edward Harrison May 11, 2017

The labor market in the US is tighter today than it was at the same period last year. This, in conjunction with the last jobs report, gives cover to the Fed to hike rates in June.

Political Economy

Why Comey’s dismissal is negative for the economy and markets

Edward Harrison May 11, 2017

It is now clear that Donald Trump dismissed FBI Director James Comey in a fit of pique over the investigations into Trump’s ties to Russia. But this move has already backfired, with the Senate investigation issuing subpoenas to former Trump…

Political Economy

Competitiveness: two tales of systemic reform with Trump and Macron

Edward Harrison May 9, 2017

I just finished reading an illuminating article by Andrew Ross Sorkin on healthcare and it got me to thinking about a review of structural reforms by Dani Rodrik which encapsulates the problem with fixes to ‘competitiveness’. The message:…

Political Economy

More Europe

Edward Harrison May 8, 2017

At the height of the European Sovereign Debt Crisis, German leader Angela Merkel was openly calling for ‘more Europe, not less’. With Emmanuel Macron elected to the Presidency of France on that platform, Merkel has perhaps her only chance…

Monetary System

Some thoughts on healthcare, inequality, and Baumol’s disease

Edward Harrison May 5, 2017

Baumol was a giant in promoting entrepreneurship. And most importantly here, his theory on rising costs in labor intensive industries is something that the Nobel committee considered in 2003 and should have given him an award for.

Economy

Jobs data: The US will hike in June amid high structural unemployment

Edward Harrison May 5, 2017

Remember the debates about structural unemployment back during the beginning of this recovery. The question was whether policymakers would write off a whole cadre of workers as ‘unemployable’ and formulate policy as if they weren’t…

Markets

What the tension in the oil market means

Edward Harrison May 5, 2017

As we await the US jobs data, it bears remembering that oil is a big wildcard both on in terms of consumption and investment. Right now, oil is plunging, down as much as $14 a barrel for the Brent variant and $17 a barrel for WTI since…

Political Economy

Some brief thoughts on Brexit negotiations and the Norway model

Edward Harrison May 4, 2017

All negotiations are mechanisms to split the benefits of mutually acceptable outcomes. The point is to figure out if there actually is a mutually acceptable outcome, and then to get as much of the benefit for one’s side as possible. The…

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