Author

Edward Harrison 7783 posts 575 comments

Edward Harrison is a senior Editor at Bloomberg. He is also the founder of Credit Writedowns newsletter, a former career diplomat, investment banker and technology executive with over twenty five years of business experience. 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.

Economy

CajaSur nationalization makes fragility of Spain’s banks topical

Edward Harrison May 24, 2010

Last spring and summer I wrote a series of articles on the bleak situation in Spain, centred on the Spanish Cajas (savings banks), the imploded housing market and the high level of unemployment. The gist of these posts was that Spain faced…

Markets

Bob Janjuah: "the Fed goes… QE… If bond markets do revolt… we will then very…

Edward Harrison May 24, 2010

The following is a letter to clients from RBS’ Chief Market Strategist Bob Janjuah that is making the rounds (hat tip Scott). Dear All I am deeply troubled by the world and markets. THIS IS AN UBER BEAR EARLY WARNING ALERT:...I know its…

News

Links on Obama against the world plus Roubini, Mourinho, and more

Edward Harrison May 24, 2010

Must read: Obama and Wall Street/ Obama and Civil Liberties / Obama and Big Oil / Obama and China Psychoanalyzing the Relationship Between Obama and Wall Street -- New York Magazine Obama wins the right to detain people with no…

Economy

New York pension scandal as some collect more in benefits than final salary

Edward Harrison May 24, 2010

New York is one of the states at highest risk of default and budget cuts are coming. However, for now, those cuts will be limited to service cuts, dismissals and furloughs. Public sector pensions remain an intractable issue that will move…

Economy

Chinese Banks: Aggressive tightening could spell trouble for non-performing loans

Edward Harrison May 24, 2010

As the Chinese government looks to slow the economy, non-performing loans in the banking sector will come into view. Clearly, the Chinese authorities want to slow the pace of house price and consumer price inflation and reduce rampant…

Markets

Andy Xie: Our Market Is A Poor Man’s Casino

Edward Harrison May 23, 2010

A bartender at my neighborhood pub recently asked me how the Shanghai stock market was performing. I said it was at about 2,600 points. He jumped and said, “No! The Communist Party wouldn’t let that happen.” He spent the next 10…

News

Reports on housing bubbles, mortgage delinquencies and other links

Edward Harrison May 23, 2010

Must Reads: Housing still overpriced (though not in US), delinquencies still high House prices: You can't keep 'em down | The Economist Annaly Salvos - Invest in Bulldozers What kind of homeowners choose to default? -…

News

Links on financial reform and more

Edward Harrison May 22, 2010

Subscribe to Our News Feed If you would like to receive our links in real-time please follow me (Edward Harrison) at @edwardnh. We also have a Facebook fan page now. Must read: Financial Reform ND20 FinReg Reactions: Elizabeth…

Daily

The Week’s Best Posts: 2010-05-21

Edward Harrison May 21, 2010

Last Week's Most Popular The Sarko Euro Rampage Leak and Maxi Euro Devaluations China: Time to Admit To, Then Douse, Our Inflation Fire MMT: Market discipline for fiscal imprudence and the term structure of interest rates Spain…

Friday Night Mood Music: Caravan

Edward Harrison May 21, 2010

I'll probably be blogging tomorrow. Until then here is Van Morrison with a little Caravan. Enjoy.

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