Guest:
Edward Harrison – Founder of Credit Writedowns and Producer of Boom Bust
Dear Traders,
Today we’ll hear from an ex-diplomat for the U.S Government and now founder of the blog “Credit Writedowns” and producer of Boom Bust. His name is Edward Harrison and he’s a macro-economist and alumni of both Dartmouth and Columbia.
He gives us an idea of where we’re at in the business cycle, and his reasoning to watch the jobs numbers for a possible recession trigger. Edward gives us great insight into the bond market, and explains why it is not a bubble, but instead it’s just a market signal.
Finally, he tells us his thoughts on the U.S wage growth and it not being suitable for the Fed’s future rate-hikes. A lot of great information today from Edward, thank you for listening, please enjoy this episode.
Biggest Takeaways:
- His reason to watch jobs numbers for possible recession triggers.
- Why he doesn’t believe the bond market is in a bubble, but instead it’s a market signal.
- Why he thinks U.S wage growth isn’t suitable for the Fed’s potential rate hikes.
- Edward discusses where we’re at in the business cycle.
Answers to the 4 rapid fire questions at the end of the show:
- Favorite Book About Trading:
– Jack Shwager: Market Wizards - Favorite Movie About Trading:
– Trading Places - Best Advice Ever Received About Trading:
– Warren Buffets advice trading is like a baseball game, but you’re constantly getting pitches. You can just wait for your pitch to finally take a swing. - Advice to Give to Others About Trading:
– Keep your risk low. The most trouble I got in was when I thought I couldn’t be wrong, and had too much risk on.
Quotes:
“The bond market is front-running the Fed”
“The U.S is in a better place than the global economy”
“The biggest market signal internal to the U.S is unemployment”
Resources:
Twitter: httpss://twitter.com/edwardnh
Website: httpss://www.creditwritedowns.com/2008/03/bio-edward-harrison.html
Relevant chart pertaining to guest’s comments:
Employment Data
