Note: This post was first published on Patreon on 24 May 2018
This is my first post on Patreon. And I think it's fitting I led off with a piece on the next recession. After all, the reason I started on Patreon in the first place was because I believed the next recession was coming -- and that this would likely mean another financial crisis.
So, I want to make the case for thinking about the next recession now. And I lot of this goes back to what I wrote last November about now being the most dangerous period in the business cycle. Here's the basic framing:
Animal spirits are a natural part of capitalist societies as people seek and make profit. Later, animal spirits take them to extremes and they recoil when those extremes end in losses. In the United States, even without a central bank...
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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.