iOS app Android app

Edward Harrison
GET UPDATES FROM Edward Harrison
 
Edward Harrison is a banking and finance specialist at the economic consultancy Global Macro Advisors. Previously, he worked in various strategy and finance roles at Deutsche Bank, Bain Consulting, and Yahoo. Mr. Harrison started his career as a diplomat in the foreign service. He speaks German, Dutch, Swedish, Spanish and French as well as English. He holds an MBA from Columbia Business School and completed his undergraduate studies with a degree in economics from Dartmouth College. He writes at the blog Credit Writedowns.

Entries by Edward Harrison

Thoughts on Hyperinflation in the USA

(2) Comments | Posted May 4, 2010 | 3:29 PM

An article by Edward Harrison originally posted at Credit Writedowns.

I am 100% sure that the U.S. will go into hyperinflation. Not tomorrow, but the problem with the government debt growing so much is that when the time will come and the Fed should increase interest rates, they'll...

Read Post

The Next Crisis is Now

(0) Comments | Posted April 13, 2010 | 6:46 PM

William White, the former chief economist at the Bank of International Settlements (BIS) gave an important speech at George Soros' Inaugural Institute of New Economic Thinking (INET) conference in Cambridge.  While everyone is casting about for the one magic bullet solution which would have prevented this and future crises,...

Read Post

Throwing in the Towel on Team Obama

(10) Comments | Posted April 6, 2010 | 10:42 PM

Earlier today, I had a brief e-mail exchange in which I said that I had basically thrown in the towel on US (and global) policy makers. Early on in this crisis, I had advocated a number of policy paths which I think would have been infinitely superior to the ones...

Read Post

How Effective Will Stimulus Be in Getting This Economy Moving?

(13) Comments | Posted December 23, 2009 | 11:48 AM

This article originally appeared on my site Credit Writedowns

As we approach the new year, I have decided to write a few thematic posts as a look back at some of the more important economic topics that this credit crisis has uncovered. The thinking is that tying posts together...

Read Post

Matt Taibbi on Obama's Big Sellout

(171) Comments | Posted December 11, 2009 | 9:01 AM

This article originally appeared on my site Credit Writedowns

Matt Taibbi is one of the few commentators in the mainstream media who is not worried about 'access' and has, therefore, been free to write much more critically about the economic crisis and reform efforts on Wall Street.

His...

Read Post

Why is Barney Frank allowing lobbyists to gut financial reform?

(3) Comments | Posted December 8, 2009 | 6:46 AM

This article originally appeared on my site Credit Writedowns

That is the question Newsweek asked of the Democratic Congressman from Massachusetts in charge of banking reform efforts in the U.S. House of Representatives in an interview.  Rather than answer the question fairly, Frank attacked the reporter and eventually ended...

Read Post

A Minsky moment: How financial stability creates instability

(0) Comments | Posted December 4, 2009 | 6:37 PM

This article originally appeared on my site Credit Writedowns

Below are three videos from a talk at the 2009 Economics of Peace Conference in Sonoma, CA, where James Galbraith talks about the Hyman Minsky concept of the instability of stability. This concept is fundamental to the behavioural psychology behind...

Read Post

Bank failures in Georgia killing small business and households

(3) Comments | Posted December 4, 2009 | 5:08 PM

This article originally appeared on my site Credit Writedowns. Note: Since this post was published, three more banks in Georgia have failed. Read details here.

Recently, I have been writing a lot about regional banks and the capital problems they have been having. This is having a direct...

Read Post

Near-term employment outlook improving

(0) Comments | Posted December 4, 2009 | 1:14 PM

This article originally appeared on my site Credit Writedowns

In the past few weeks I have been alarmed about the growing debate about deficits and taxes, so much so that I have moved to a double dip baseline from one of a multi-year recovery.  I find it in...

Read Post

Is repayment of TARP money good for taxpayers?

(2) Comments | Posted December 4, 2009 | 11:51 AM

This article originally appeared on my site Credit Writedowns

When I read Yves Smith's recent comments on Bank of America's repayment of its TARP funds, I couldn't help but think of a post I wrote six months ago called "Asymmetric information and corporate governance in bank bailouts." The gist...

Read Post

What About China's Exchange-Rate Protectionism?

(1) Comments | Posted December 2, 2009 | 8:35 PM

This article originally appeared on my site Credit Writedowns

As I indicated earlier today, I generally see protectionism not as a second-best argument like Paul Krugman, but as something to avoid entirely.  Nevertheless, calls for more protectionism are being heard everywhere.  Gregory Clark, an Australian Professor who...

Read Post

AmTrust bankruptcy bad sign for regional banks

(2) Comments | Posted December 2, 2009 | 7:48 PM

This article originally appeared on my site Credit Writedowns.

AmTrust Financial, a privately held regional bank holding company based in Cleveland, has just filed for bankruptcy. With well over $10 billion in assets, AmTrust Bank is fairly large. The circumstances surrounding its failure are unusual in that the Bank...

Read Post

Printing money won't solve Europe's problems

(2) Comments | Posted December 2, 2009 | 7:38 PM

This article originally appeared on my site Credit Writedowns

"This is definitely a threat on the horizon," said Blaise Ganguin, the agency's European credit chief.

Some 75 companies large enough to be rated face likely default in 2010 as the slow-burn effects of the crisis hit...

Read Post

Get ready for protectionism

(4) Comments | Posted December 2, 2009 | 11:06 AM

The most recent Gallup Poll on what Americans think is the best way to create jobs is a bit disheartening because it flies in the face of basic economics. Protectionism is the number one way Americans believe more jobs can be created.  This was true for Republicans, Independents and Democrats....

Read Post

On the Sovereign Debt Crisis

(4) Comments | Posted December 2, 2009 | 8:10 AM

This post first appeared at my site Credit Writedowns

Given the spate of articles in the business press about this country or that country facing a potential debt crisis, I wanted to write a bit about sovereign debt crises.

In my view, economic stimulus has been...

Read Post

The recession is over but the depression has just begun

(2) Comments | Posted December 1, 2009 | 2:34 PM

Below is a post I wrote on my site Credit Writedowns exactly two months ago. My impetus in writing the post was a need to reconcile my near-term optimism with my longer-term worry. So, I tried to pull some threads together to create a cohesive model of what to...

Read Post

Forget about Dubai. The real problem is in Europe

(2) Comments | Posted November 30, 2009 | 8:15 PM

Willem Buiter has just taken on a new role at Citigroup. The news of Willem Buiter's role as Chief Economist at Citigroup comes via DealBook at the New York Times below. Afterward, I have some comments about Dubai contextualizing reluctance by the government to backstop Dubai World -...

Read Post

The Trojan Horse In The Financial Reform Bill

(1) Comments | Posted November 24, 2009 | 12:22 PM

Two weeks ago as the Financial Reform Bill was wending its way through Congress, Paul Kanjorski emerged as the champion of breaking up too-big-to-fail financial institutions.  After seeing trillions of dollars in taxpayer money go to backstopping, propping up and guaranteeing the liabilities of weak financial institutions, It looked like...

Read Post

The Limitations of Government

(1) Comments | Posted November 24, 2009 | 10:44 AM

This post originally appeared at Credit Writedowns.

In this post:

A few thoughts about the limitations of government
Our founding fathers


How large should government be?


How policy helps frame the debate


Where we are headed

In a recent...

Read Post