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

Employment situation: 9.7% unemployment, 20,000 jobs lost

Edward Harrison Feb 5, 2010

Those are the numbers. But this month’s unemployment rate and the non-farm payrolls number are less important this go round. The devil is in the details here because we have some major benchmark revisions and that means changes to…

News

Links: 2010-02-05

Edward Harrison Feb 5, 2010

Finance and Economy China to Impose Dumping Penalties on U.S. Chicken - Bloomberg.com Toyota Faces at Least 29 Lawsuits Over Acceleration - Bloomberg.com Spain’s GDP Contracts for Seventh Quarter, Bank of Spain Says -…

Economy

Andy Xie: Chinese monetary policy has to be tightened

Edward Harrison Feb 4, 2010

Xie believes the Chinese economy is in no near-term threat. But he does see problems down the line because of a property bubble. He recommends even more monetary tightening to reduce the ill effects of this bubble. Xie comments on the U.S.…

Markets

UK house prices now 9.9% above trough

Edward Harrison Feb 4, 2010

According to data released today by the Halifax, UK house prices are now up almost 10% above the levels of just 9 months ago. Low interest rates have certainly been a big factor in the rise, with Nationwide’s figure showing an even…

Economy

Double Dip Recession and the Obama 2011 Budget

Edward Harrison Feb 4, 2010

This past Monday I was on the BBC talking about the recently unveiled Fiscal Year 2011 Budget proposed by the Obama Administration for the U.S. Federal Government. The budget is, as with most things Obama, a tightrope walk between the…

Economy

Leap in jobless claims is an ominous signal

Edward Harrison Feb 4, 2010

This morning, I left just in time to see the U.S. Department of Labor’s jobless claims numbers for the preceding week. They were not good. Initial claims hit 480,000 for the week ending 30 Jan 2010, pushing the 4-week average up…

Political Economy

Stimulus, recovery, patriotism and America’s shining city, Joe Biden style

Edward Harrison Feb 4, 2010

“We shall be as a city upon a hill. The eyes of all people are upon us.” --John Winthrop Joe Biden is buying none of this America-as-an-empire-in-terminal-decline meme. The Washington Post’s E.J. Dionne caught up with the Vice…

Economy

Chart of the day: U.S. hiring and layoffs by region

Edward Harrison Feb 4, 2010

This map comes via Gallup. The jobs picture is worst in the west and best in the south. See Gallup’s analysis of the data at the link below: Source In January, Most Job Creation in U.S. South and East - Gallup

News

Links: 2010-02-04

Edward Harrison Feb 4, 2010

Finance and Economy FT.com - Portuguese bonds hit as Greek fears ease FT.com - Lazard breaks ranks and speeds up pay-outs Obama: US Must Address Dollar-Yuan Exchange Rates – CNBC More Borrowers Pay Credit Cards Before…

Eliot Spitzer on Stephen Colbert

Edward Harrison Feb 3, 2010

For your amusement as well as your understanding of critical banking and finance reform issues. The funny thing about Colbert and Jon Stewart, his partner in crime at Comedy Central, is that they have a certain bread and circus appeal to…

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