Edward Harrison | TalkMarkets | Page 2
General Partner, Global Macro Advisors
Contributor's Links: Credit Writedowns
Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial ...more

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Gundlach Vs Gross: Here’s How A Bond Bear Market Starts
For the past two years, the central banks have bought all the new government bonds issued by the G10. This year, they will buy around 40%. The private sector will make up the financing gap.
Galbraith: The Fed Is Like The Little Dutch Boy With The Finger In The Dike
There hasn’t been inflation in the economy since the early 1980s. It collapsed with the end of the Soviet Union and with the rise of China as a supplier for consumer goods. So the Fed has been patting itself on its back for decades.
Job Openings May Have Peaked In The US
The Bureau of Labor Statistics released the monthly Job Openings and Labor Turnover Survey today showing a relatively minor decrease in job openings through November.
Consumer Credit: Largest Gain In 16 Years And Well Ahead Of Expectations
Economic data coming out of the United States continue to show a robust consumer-led expansion.
Demographics Are Adding To Lower US Growth
The prime working-age population peaked in 2007 when the last business cycle ended. There are fewer prime-age people working today.
Growth In Non-Farm Payrolls Peaks Mid-Cycle
You don’t get the same level of job growth after eight years of an economic upturn as you do after one.
Wages Might Finally Be Beginning To Rise
The Wall Street Journal has a piece out about wage rates in the tightest urban markets like Minneapolis. And what they found is that wages rates in these markets is beginning to rise. That doesn’t mean inflation will rise.
ADP And Jobless Claims Show A Tightening Job Market
The jobless claims report released this morning shows a labor market that is supportive of continued growth.
Grantham: US Asset Bubble To Pop In 2019
The Fed is going to be trying to reach its low unemployment and inflation goals against a backdrop of a brisk economic trajectory and market euphoria.
ISM Manufacturing Index Shows US In Brisk Expansion; Fed To Respond
Economic activity in the manufacturing sector expanded in December 2017, marking the 103rd consecutive month of economic expansion in the US.
European Reform And The German Model To The Rescue
The German model is not the one to follow; it’s deflationary and lowers long-term domestic demand growth. How are they going to push through European reforms?
The Government Versus The Central Bank
The economic model running in the US and the EU right now is pretty much the same as it was before the Great Financial Crisis. That’s a model in which its the government versus the central bank.
Eurozone Winners And Losers
Despite the EU being statistically fully recovered from the crisis, not everyone has benefitted. Greece, for one, is still in a world of hurt. Unemployment is still 20%.
The Eurozone Is Fully Recovered From The Sovereign Debt Crisis
The European PMIs that came out today showed an EU economy that is not just in full recovery mode, but booming. Likely the ECB will reduce its level of accommodation in line with this growth.
Jobless Claims Data Positive, No US Slowdown Evident
In the week ending December 23, initial jobless claims were just 245,000, keeping the average below 240,000 yet again. With claims still below year ago levels, there are no signs in the data that a US slowdown is coming.
Why The Fed Has Been And Probably Will Be More Hawkish Than You Think
The unemployment rate has hit levels that make the Fed uncomfortable. Several Fed officials have said that the Fed needs to act pre-emptively to prevent inflation from rising.
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