Author: Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. 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. Edward also writes a premium financial newsletter. Sign up here for a free trial.

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Here are my most recent posts

3 Things American Workers Can Expect in the Next Year

3 Things American Workers Can Expect in the Next Year

The gist of the piece here is that, while I see a cyclical recovery that is gathering pace, the Achilles heel of the recovery from a sustainability perspective is wage growth. To the degree the Fed normalizes policy now before wage growth has a chance to make up for its really weak post-recession trajectory, the US will find itself in the same sort of weak stall speed scenario that we now see in Europe. My worry now is that the cyclical recovery has been artificial, fake – goosed up by temporary monetary stimulus. I think that when that stimulus is removed, there will be nothing to support continued growth, and that the US economy will weaken. Here’s how I put it below.

A government bond bullish scenario is taking form

A government bond bullish scenario is taking form

This is an abbreviated post from our subscription series at Credit Writedowns Pro. Labor Day is behind us now and I intend to have a much more regular posting schedule going forward. But the lack of posts has given me some time to reflect on the global macro situation without the need to write about it on a daily basis. […]

Edward Harrison’s Ten Surprises for 2014, Update 2

Edward Harrison’s Ten Surprises for 2014, Update 2

This is an abbreviated post from our subscription series at Credit Writedowns Pro. Today is the time to update you on how my 2014 surprises are faring and why. Just to remind you, the surprise list is based on Byron Wien’s list of ten surprises which he has been conducting for the last thirty years. Surprises are events to which […]

Some brief thoughts on private debt, financial fragility and economic growth

Some brief thoughts on private debt, financial fragility and economic growth

This is an abbreviated post from our subscription series at Credit Writedowns Pro. I am very interested in the intersection of private debt, financial fragility and economic growth because I believe this intersection is pivotal in understanding whether the secular forces which led to the Great Financial Crisis have been arrested. I want to use Ireland as a jumping off […]

Links: 2014-08-04

Links: 2014-08-04

China dumps Symantec, Kaspersky Lab from approved vendors – CNET ekathimerini.com | Moody’s upgrades Greece by two notches China Services Index Drops to Six-Month Low on Property – Bloomberg We owe five times more than we did in 2008 – Independent.ie Enough Russian Roulette with Nuclear Fire | Ian Welsh BES seniors fly; sub capitulates | Capital City | IFRe […]

Links: 2014-08-01

Links: 2014-08-01

Puerto Rico Power Authority in Deal With Banks to Defer Loan Payments – WSJ Argentina accuses US of judicial malpractice for triggering needless default – Telegraph History Suggests China Is on Verge of Banking Crisis – China Real Time Report – WSJ China’s factories spring to life as global trade reawakens | Reuters Europe’s ‘sick man’ France dealt another blow […]