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

Chris Matthews on Obama’s SOTU : “I forgot he was black”

Edward Harrison Jan 28, 2010

Of all the coverage of last night’s State of the Union address, the video below stands out. Now, I’m sure Matthews will have a defence for this piece of analysis i.e. “he was so good that all the talk about Obama and race slipped my mind…

Economy

Chart of the day: Clusterstock – How the AIG bailout worked

Edward Harrison Jan 28, 2010

This is a great graphic showing the money and asset flows in the AIG bailout that makes it far easier to understand why people are calling the AIG bailout a backdoor bailout of AIG’s counterparties. Take a look. Source CHART OF…

Monetary System

Re-interpreting recession dating committee’s double-dip language for debt deflation dynamics

Edward Harrison Jan 28, 2010

Last week, I wrote a post “Is the recession dating committee preparing for a double dip?” the gist of which was to question whether the NBER recession data committee thought a double dip was likely. But an e-mail exchange I had this…

Economy

Jobless claims 470,000, average rises for 2nd week

Edward Harrison Jan 28, 2010

This is the second week running that we have seen higher jobless claims. Two weeks ago the 4-week average seasonally adjusted number was 440,750. This was a number reflective of steadily declining claims in the period leading up to…

News

Links: 2010-01-28

Edward Harrison Jan 28, 2010

Banks Help Employees With Wall Street Pay – WSJ.com FT.com – An early warning system for asset bubbles FT.com – Portugal vows to cut deficit by two thirds Howard Zinn, Historian, Dies at 87 – Obituary (Obit) – NYTimes.com Credit…

Economy

Breaking: Darrell Issa asks for a subpoena in AIG bailout cover-up

Edward Harrison Jan 27, 2010

I just received this document from an interested reader. It is a request by Congressman Darrell Issa for a subpoena to be issued in order to facilitate the investigation surrounding the AIG cover-up. Apparently, evidence has now surfaced…

Economy

AIG Documents protected until 2018 now revealed

Edward Harrison Jan 27, 2010

In November 2008, the SEC approved a request by American International Group (AIG) to keep secret until November 2018 documents which reveal securities behind the brewing scandal over its bailout by the Federal Reserve. A copy of the…

Economy

State unemployment insurance insolvency: 50 little Hoovers

Edward Harrison Jan 27, 2010

This problem is going to be solved via tax increases a la Oregon or spending cuts a la California before FY 2011 hits in July. (hat tip Gregor) (click image to enlarge) Source Unemployment Insurance Tracker - ProPublica

Economy

Construction in China’s Ghost Towns

Edward Harrison Jan 27, 2010

A reader who invests in emerging markets sent me an interesting article from the South China Morning Post. Excerpts are below. China's economic stimulus programme has accelerated the already aggressive pace of urban development in the…

Constitutional Convention Updated

Edward Harrison Jan 27, 2010

A comic version of what the Constitutional Convention would look like today

Previous 1 … 480 481 482 483 484 … 779 Next