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.

Political Economy

The Wall Street Journal’s primer on The Volcker Rule

Edward Harrison Feb 2, 2010

Paul Volcker is testifying before the Senate Banking Committee today on financial regulatory reform. Recently, the Obama introduced reform proposals inspired by Volcker and now being dubbed The Volcker Rule. The Wall Street Journal has…

Economy

Chart of the day: U.S. savings rate over last 60 years

Edward Harrison Feb 1, 2010

I am in the process of crunching the numbers from today’s report on U.S. personal income and outlays. The monthly data came out at 8:30 EST this morning but I think the quarterly data is more interesting because it goes back to 1947, where…

News

Links: 2010-02-01

Edward Harrison Feb 1, 2010

Finance and Economy Euro Proving No Reserve Asset as Central Banks Shift - Bloomberg.com Building society lending slumped by 50% in 2009 | Money | guardian.co.uk Hussman Funds - Weekly Market Comment: Reported Earnings versus…

Economy

Weaker eurozone manufacturers losing competitiveness

Edward Harrison Feb 1, 2010

The eurozone’s manufacturing sector is growing at its fastest pace in two years. However, there are dramatic differences in how manufacturing is faring within the eurozone which point to the currency as a major source for the loss of…

Daily

The week in review at Credit Writedowns: 2010-01-30

Edward Harrison Jan 30, 2010

Most Read Chart of the day: Clusterstock – How the AIG bailout worked Breaking: Darrell Issa asks for a subpoena in AIG bailout cover-up President Obama, are you listening? Robert Reich gets it Marc Faber: Obama makes…

Economy

Remarks by President Obama to the Republican Caucus

Edward Harrison Jan 29, 2010

If you are interested in politics, then this is a definite must see theater. It will give you a much greater appreciation of the personalities and positions. Better audio kicks in after a minute or so. The whole thing runs 66 minutes.…

News

Links: 2010-01-29

Edward Harrison Jan 29, 2010

Banks Secret Banking Cabal Emerges From AIG Shadows: David Reilly - Bloomberg.com A modest proposal: Double liability for bankers | VoxEU immobilienblasen: "Enron-Esque Characteristics" Hiding An Even More Explosive Credit…

Economy

December’s FDIC cease and desist and other administrative orders

Edward Harrison Jan 29, 2010

Below is a partial list of December FDIC enforcement decisions and orders. I have only included cease-and-desist orders, prompt corrective action notices and termination of insurance orders as these are the signs of banking system distress.…

Economy

GDP up 5.7%, fastest rate since 2003

Edward Harrison Jan 29, 2010

The BEA says: Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 5.7 percent in the fourth quarter of 2009, (that is, from the…

Economy

Fighting against your shadow

Edward Harrison Jan 28, 2010

The cartoon speaks for itself

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