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 phony Senate health care reform bill

Edward Harrison Dec 16, 2009

I will limit my comments in this post since I am so thoroughly disgusted with Washington’s giveaways to special interests. But I have to bring up health care reform and its likely non-impact on improving American’s economic situation…

Markets

Gulf states agreement to enter currency union seen as dollar threat

Edward Harrison Dec 16, 2009

The last I had heard about a prospective Gulf currency union came yesterday morning in a note by Marc Chandler who is the Chief Strategist at Brown Brothers Harriman’s FX group. He indicated that he was more optimistic about a Gulf…

Economy

U.S. forfeiting billions in future taxes to let Citi repay TARP

Edward Harrison Dec 16, 2009

The Washington Post is reporting that the federal government has quietly decided to exempt Citigroup from a large future tax bill in allowing it to exit the TARP program. This is a backdoor bailout worth billions and is an outrage…

Economy

Gasparino: No woodshed for the fat cats, just a lovefest

Edward Harrison Dec 15, 2009

Max Keiser and Yves Smith pointed me to an article by frequent CNBC contributor Charlie Gasparino on Obama’s fat cats meeting. I love Yves’ feigned surprise. Here are a few excerpts from Gasparino followed by a link to the full article.…

Blogs

2009: Best Business Blogs

Edward Harrison Dec 15, 2009

Business Pundit has published the most comprehensive list of best blogs in the business and finance space. They cover accounting, advertising, career issues, economics, finance and more. We are pleased to have made the cut amongst…

Markets

House flipping back in vogue in North County San Diego

Edward Harrison Dec 15, 2009

Good times are here again in residential property. House flippers are back and have now moved to foreclosure auctions. Below is a house that was bought in foreclosure at $945,000 in November and is now on the market for $1.4 to 1.5…

Economy

Christmas spirit Wall Street edition

Edward Harrison Dec 15, 2009

Source Tom Stiglich – Journal Register Newspapers See the Disney version via Scrooge McDuck here. Bah, Humbug.

News

Financial News: 2009-12-15

Edward Harrison Dec 15, 2009

Swedes want to join euro - Independent.ie Spain tops ‘misery index’ - Independent.ie (Misery loves company, though.) Capital One, Discover credit-card charge-offs rise | Reuters RBS CEO Hester Attacks ‘Politicization’ of Bank…

News

News from around the web: 2009-12-15

Edward Harrison Dec 15, 2009

In Corsica, Pigs Roam, Bulls Fly -- And People Get Out of the Way - WSJ.com (Page one in today's WSJ) Other articles Democrats Drop Plan to Expand Medicare - WSJ.com Roy Greenslade: Buffett - my newspaper ownership is not…

Economy

Bank collapse in Austria brings debt in Eastern Europe center stage

Edward Harrison Dec 15, 2009

In the links yesterday, I pointed to an FT article detailing the Austrian government’s nationalization of the insolvent bank Hypo Group Alpe Adria (HGAA). The financial institution, which has 40 billion Euros in assets, is the country’s…

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