Daily Commentary: 2013-02-28
Today I thought I would try a little experiment by beginning to write a daily commentary. I have been thinking about doing this for a while and decided I needed to give it a go here because I don't have an in-depth article I am working on. So now seems a good opportunity to make some general comments on the markets and the economy.
I have a few topics in mind but let's start with this one: housing. And then we will move on to the economy and 'reaching for yield'. All of the recent numbers from US government data and from Case-Shiller reinforce the idea that housing is now in a sustainable cyclical recovery. And I believe this is true. I have a few thoughts about this recovery.
First, housing is important to the economy not just because homebuilding and remod...
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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.