by Edward Harrison, Credit Writedownsp> I was on the Daily Ticker with Lauren Lyster talking about Japan yesterday. My view is that there is no material negative change in Japan’s sovereign debt outlook nor will there be in the medium term because of… more »

Many of the largest technology companies are making so much money that they are rapidly accumulating cash on their balance sheets. While one could argue that this cash should be stripped off the balance sheet for valuation purposes, I would argue that… more »

Edward Harrison writes about the looming fiscal cliff in the United States while describing how the government deficits boosts corporate margins. He talks about the ongoing margin mean reversion. Using the financial sectoral balances approach, he concludes that larger government deficits allow for larger non-government surplus. more »

by Edward Harrison, Credit Writedowns Warning: This commentary is very DISTURBING – not for the faint of heart. Two days ago, a friend of mine told me via email about a comment on a blog post about whether MBA schools were incubating criminals that w… more »

The second round of quantitative easing is drawing to a close. Legitimately, the QE2 trade was ‘officially over’ in late March. My comments from March about a potential QE3 are still operative: My sense from the totality of Fed communications - from… more »