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

Obama: Now watch this drive

Edward Harrison Dec 29, 2009

Back in September I posted “Now watch this drive” to explain voters’ increasing alarm at Obama’s detachment from the economic problems of ordinary Americans. Commenting on a video featuring a famous George W. Bush gaffe, I said:…

Economy

Zero rates do not promote saving

Edward Harrison Dec 29, 2009

The New York Times points out that zero percent interest rates are not designed for savers. They are a tax on savers, especially the elderly living on a fixed income. Millions of Americans are paying a high price for a safe place to put…

Economy

November’s FDIC cease and desist and other administrative orders

Edward Harrison Dec 29, 2009

Below is a partial list of November 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.…

News

Links: 2009-12-28

Edward Harrison Dec 28, 2009

Calculated Risk: Government Housing Support Update Quantifying Eurozone Imbalances and the Internal Devaluation of Greece and Spain | Claus Vistesen Consumer Groups Lobby FTC To Block Googles Acquisition Of AdMob Calculated…

Monetary System

What happened to the fiscal stimulus multiplier?

Edward Harrison Dec 28, 2009

Arnold Kling makes an important contribution to the debate about fiscal stimulus and double dip recessions which was also pointed out to me in the comments of my recent double dip post: Paul Krugman provides an analysis showing…

Daily

The year in review at Credit Writedowns: Crisis Solutions

Edward Harrison Dec 28, 2009

As we head into the New Year, I am trying to look back at the last one with some semblance of a coherent interpretation of events that leads to a strategic vision of the future. I have already touched on stimulus, kleptocracy and…

Daily

The year in review at Credit Writedowns – Crony Capitalism

Edward Harrison Dec 27, 2009

Before the Christmas break, I wrote a post to tie together my thoughts on why I have found the Obama economic program so unsatisfying despite some obvious success in stabilizing the economy. This first part framed the status quo as an…

Monetary System

Double dip recession and the perverse math of GDP reporting

Edward Harrison Dec 27, 2009

Remember when I said the following: GDP as reported From my view point point, the interesting bit about GDP is NOT inflation (i.e. real vs. nominal GDP), but rather the fact that the number which is reported is a first…

Economy

Violence in Iran erupts

Edward Harrison Dec 27, 2009

Below are two videos and an article recounting the recent social unrest in Iran. Also see Biggest protests in months take place in Iran from the FT

News

News from around the web: 2009-12-27

Edward Harrison Dec 27, 2009

FT.com / Columnists / Clive Crook - The real missed opportunity in Obama's first year “Top Ten Reasons to Kill the Senate Health Care Bill” - Yves Smith Extinction Countdown: Man convicted for killing and eating China's last…

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