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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.

Economy

This is what the Dutch election was all about

Edward Harrison Mar 17, 2017

On Wednesday night, the Dutch elections saw the two parties in the governing coalition lose 37 of the 79 seats they now hold between them. That's a massive defeat frankly. Yet, the Prime Minister's party is spinning this as a win. And for…

Economy

How jobless claims tick up before a recession hits

Edward Harrison Mar 16, 2017

I am going to start commenting on the weekly jobless claims figure more actively because I like it as a real-time indicator. For me, it is the best real-time data point we have on how the employment picture intersects with consumption…

Markets

UK interest rate dissenter signals policy divergence may be coming to an end

Edward Harrison Mar 16, 2017

As expected, the Bank of England left rates unchanged at a record low 0.25% in today’s Monetary Policy Committee decision. There was a dissent, however, with soon to be departing MPC member Kristin Forbes wanting a quarter-point rise.

Markets

The Fed will continue to raises rates, even amid uneven economic data

Edward Harrison Mar 15, 2017

Today the Federal Reserve raised the base USFed Funds interest rate a quarter percentage point to the range between 0.75% and 1.00%. There was only one dissent from Minneapolis Fed President Neel Kashkari. And because this move was…

Economy

The most important chart to see before the Dutch election

Edward Harrison Mar 14, 2017

The present Prime Minister of the Netherlands, Mark Rutte, is the first Prime Minister from a party other than the two traditional centrist parties, PdVA and the CDA, and their predecessor parties since the Dutch constitution and voting…

Markets

The shale oil bubble

Edward Harrison Mar 14, 2017

Was the shale oil capital expenditure explosion simply a bubble? What trendline does this chart follow going forward and what does it mean for price? These are some fundamental questions that need to be answered.

Markets

Hedging against rising global political uncertainty

Edward Harrison Mar 14, 2017

Starting in 2007, global markets were buffeted by a series of financial and economic crises that created the greatest deflationary scare since the Great Depression. We have left out-and-out crisis mode. But the challenges are still…

Markets

More on the oil oversupply and OPEC’s lost swing production dominance

Edward Harrison Mar 14, 2017

Bloomberg oil analyst Javier Blas reported earlier today that Saudi Arabia has told OPEC that it lifted oil production in February, despite the ongoing OPEC production cut agreement with Russia.

Economy

US credit growth is decelerating across a variety of areas

Edward Harrison Mar 13, 2017

This week all eyes will be on the Fed because of its expected interest rate hike and the messaging that will accompany its policy decision. But credit markets should also be focused elsewhere, because credit growth has been decelerating…

Economy

US jobs numbers come in high enough to prompt Fed rate hike

Edward Harrison Mar 10, 2017

The BLS released the latest employment numbers for the US, the last piece of major economic data before the Fed meets next week to decide on whether to raise interest rates. The numbers were good enough, and now a rate hike is all but…

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