I wrote a blurb about Ray Dalio yesterday afternoon based on his talk at the Council on Foreign Relations. And I always enjoy Ray Dalio's perspective because the macro framework he uses is based on debt and credit stocks across business cycles as well as on demand flow within business cycles. In the past week, we have stressed this dichotomy between debt stock and credit flow through four separate posts
The Efficacy of the FOMC’s Zero Interest Rate Policy
How central banks contributed to the financial crisis
William White on Ultra Easy Monetary Policy and the Law of Unintended Consequences
The Fed, the interest income channel and net interest margins
The point time and again has been that the analysts who got it right before the financial crisis were the ones who understood that d...
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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 commentator in print and on television for the past decade. 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.