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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

News from around the web: 2009-11-17

Edward Harrison Nov 17, 2009

Economist's View: "China and the American Jobs Machine" (And don't fall into the Blame Asia Meme https://bit.ly/pseaY) 买黄金! | egghat's blog (This German post says that owning gold was illegal in China six years ago. Now the…

Economy

Meredith Whitney: “I haven’t been this bearish in a year”

Edward Harrison Nov 16, 2009

Below is a CNBC video with Meredith Whitney in which she joins Nouriel Roubini on the doom and gloom parade. Over the summer, both Whitney and Roubini were fairly optimistic. In June I said: Think of the consensus forecast as an…

Markets

Marc Faber: "I don’t think that you’ll see gold below $1,000 per ounce probably…

Edward Harrison Nov 16, 2009

Marc Faber is in a bullish mindset, particularly on gold. In a wide-ranging interview with CNBC TV-18 in India, Faber talked about where he sees markets headed and why he thinks gold will never drop below $1,000 an ounce. Private sector…

Political Economy

Will the U.S. allow China to buy more Gulf of Mexico oil assets?

Edward Harrison Nov 16, 2009

This is a crucial question because Devon Energy, the Oklahoma-based independent oil and natural gas producer has just decided to put billion of dollars in Deep sea Gulf of Mexico assets on the market. Canada’s National Post reported:…

Business

Why GM is repaying bailout money while it is still loss-making

Edward Harrison Nov 16, 2009

There are a lot of threads to tie together in today’s reporting of news in the auto sector. General Motors has reported a third-quarter loss of $1.15 billion. But all indications are that car sales continue to outpace expectations in the…

Political Economy

Max Keiser on dollar: Buffett’s toilet paper opium for China

Edward Harrison Nov 16, 2009

Max Keiser certainly has a way with words. In one of his latest TV appearances, using the colorful analogy of “Warren Buffett’s toilet paper,” he calls the U.S. dollar worthless. He goes on to say that China is addicted to this worthless…

News

News from around the web: 2009-11-16

Edward Harrison Nov 16, 2009

Bailed-out Anglo needs €5.7bn cash but EC eyes wind-down - Independent.ie Colts 35, Patriots 34 - Colts Pull Off Improbable Win as Patriots’ Gamble Backfires - NYTimes.com Paul Krugman - World Out of Balance - NYTimes.com Pay…

Economy

Roubini: For unemployment "the worst is yet to come"

Edward Harrison Nov 16, 2009

Nouriel Roubini, writing in the New York Daily News , said on Sunday that “unemployed Americans should hunker down for more job losses” given the likelihood of a job less recovery. This was as gloomy a piece as I have seen from Roubini in…

News

News from around the web: 2009-11-15

Edward Harrison Nov 15, 2009

Japan Economy Accelerates, Reducing Danger of Renewed Recession - Bloomberg.com Economist's View: Fed Watch: Should the Fed Be Doing More? China rounds on U.S. rates as global economic risk The Best F**king Book About the…

News

GM looks to use US and Canadian tax money to bailout Opel

Edward Harrison Nov 15, 2009

An article in the National Post suggests General Motors may look to divert some of its bailout money to Europe in the wake of a chill in German government support for subsidies. Talk of using taxpayer money to benefit workers in other…

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