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.

News

Links: 2010-01-08

Edward Harrison Jan 8, 2010

Dear readers, I just barely missed putting 2009 in the title again. I’ll learn. I have some other things on my plate, so I have not posted quite as often as I would like. I have three or four topics I want to look into. They are:…

Markets

Bill Gross opines on investing in a world of crony capitalism

Edward Harrison Jan 8, 2010

Bond king Bill Gross has gone populist. He starts his latest monthly investment outlook with an indictment of capitalism as practiced today in the United States that is a frontal assault on the corruption we are witnessing in Washington. As…

Economy

Household survey charts reveal this is no garden variety downturn

Edward Harrison Jan 8, 2010

Markets were disappointed by today’s unemployment data because they reveal how difficult it has been for the employment situation to improve in a meaningful way. The employment market is improving, just not as much as one would hope. Below…

Economy

Unemployment comes in at 10.0%; 85,000 jobs lost but November revised to gain

Edward Harrison Jan 8, 2010

The forecast was for 10.1% unemployment and a gain of +15,000 jobs according to Market Watch, but 10.0% unemployment and a flat non-farm payroll number according to Bloomberg. As a reminder, ADP reported the private sector shed 84,000 jobs,…

Political Economy

The smoking gun in the AIG – Geithner cover up

Edward Harrison Jan 7, 2010

In handwriting: Note that there should be no discussion or suggestion that AIG and the NY Fed are asking to structure anything else at this point. It will be enlightening to hear him explain what this statement means. See…

News

Links: 2010-01-07

Edward Harrison Jan 7, 2010

Below are the links for stories through this morning. I am still playing catch-up as I had some server issues earlier in the day. If I see anything significant later, I may do another links post in the evening. As usual, many more…

Monetary System

Looking at structurally high unemployment as recalculation

Edward Harrison Jan 7, 2010

Unadjusted jobless claims after the holiday season are always monstrous because of seasonality. Last week 645,571 people filed initial claims for unemployment insurance in the United States. That is down from the 731,958 who filed at…

Economy

Geithner urged AIG to withhold information

Edward Harrison Jan 7, 2010

Damaging e-mails have revealed that Treasury Secretary Timothy Geithner urged AIG to withhold crucial information about the deterioration of its financial condition in the lead up to its demise. This will put further political…

News

Links: 2010-01-06

Edward Harrison Jan 6, 2010

Below are the most important links. As usual, many more are available at the news feed (also available as an RSS feed). Going forward, the links post will contain fewer (more high-quality?) links, with the rest in the news feed.…

News

Iceland downgraded to junk as it heeds 70% of the electorate on Icesave debt

Edward Harrison Jan 6, 2010

The latest piece of big news in the sovereign debt crisis comes, remarkably, from Iceland. The country collapsed into depression after its experiment as an open economy with a large banking sector went pear shaped. After a debt-fuelled…

Previous 1 … 488 489 490 491 492 … 779 Next