Founder of Credit Writedowns Edward Harrison @edwardnh says that the vicious cycle in oil related debt is that producers have to keep producing to service debt driving prices lower. Harrison affirms that this situation will not end until we have major bankruptcies in that high yield sector.
According the Harrison, Brazil is most vulnerable for credit issues with China as their biggest customer pulling back.
Who is Edward Harrison @edwardnh?
Edward Harrison is the founder of CreditWritedowns.com and is a finance specialist at Global Macro Advisors. Former strategy and finance executive at Deutsche Bank, Bain, and Yahoo. He started his career as a diplomat and speaks German, Dutch, Swedish, Spanish and French. Edward holds an MBA from Columbia University and a BA in Economics from Dartmouth College.
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