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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

Morgan Stanley: Bullish, but not revising estimates for Euroland

Edward Harrison Aug 21, 2009

Elga Bartsch writes that Morgan Stanley looks at the recent data coming out of Eurloand as distinctly bullish. As a result, they are revising up their GDP estimates. A number of countries, notably the euro area's two largest economies -…

News

Morning Links: 2009-08-21

Edward Harrison Aug 21, 2009

German economic recovery powers ahead - FT The purchasing managers’ index for Europe’s largest economy jumped to 54.2 in August, from 49.0 in July, signalling an unexpectedly brisk pace of expansion. The growth was driven by the service…

Economy

2010 elections: “Completely out of control” for Democrats

Edward Harrison Aug 20, 2009

The bailouts, deficit spending, and debate over health care are having a very nasty negative effect on the electoral fortunes of the Democratic party. Charlie Cook, a well-known and respected election pundit, writes (emphasis added):…

Political Economy

Deregulation as crony capitalism

Edward Harrison Aug 20, 2009

Jesse of Jesse's Café Américain posted on the important subject of deregulation in his last post, “Why the Austrian, Keynesian, Marxist, Monetarist, and Neo-Liberal Economists Are All Wrong.” In it, he opined that it is entirely…

Economy

Philly Fed survey points to manufacturing rebound

Edward Harrison Aug 20, 2009

The Federal Reserve Bank of Philadelphia released its monthly Business Outlook Survey for August 2009. The numbers showed that the manufacturing sector in the region is in recovery mode right now, with the survey recording its highest level…

Economy

Spain: consumption drop four times as much as in ‘93

Edward Harrison Aug 20, 2009

According to the results of a study by the Spanish savings bank Caixa Catalunya, consumption will fall 4.1% this year, making the reaction to this downturn four times as severe as during the last big downturn in 1993. Back then…

Economy

Average unemployment claims up slightly

Edward Harrison Aug 20, 2009

The data from the most recent Unemployment Insurance Weekly Claims Report are not particularly bullish. Claims are up for the second week in a row, dragging the 4-week average up with them. Year over-year comparisons continue to drop, but…

News

Morning Links: 2009-08-20

Edward Harrison Aug 20, 2009

The misunderstanding of "debt-fueled consumption" - Rebecca Wilder Economist's View: "The Rationing Canard" Bronte Capital: Health Care Reform and single payer – an Australian perspective Obama should shift on…

Economy

Spain: savings banks suffer while BBVA and Santander expand

Edward Harrison Aug 19, 2009

Spain has been a laggard in the search for improving economic fundamentals. The news coming out of Spain has been dreadful from employment to house prices to mortgages and banking. But the first ray of hope appeared yesterday when it…

News

News from around the web: 2009-08-19

Edward Harrison Aug 19, 2009

This is a long list of posts from around the web. Yesterday, I had pretty limited Internet access, so I doubled up on my links today. Enjoy. Edward United States Inequality in the Recovery Period - The Baseline Scenario PIMCO'S…

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