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

Consumer credit down, but does it show deleveraging?

Edward Harrison Nov 7, 2009

I have just taken a look at the consumer credit figures for September, released just yesterday by the Federal Reserve. The data do show some modest deleveraging, especially when looking at the recent increase in nominal GDP. However, it is…

News

Links: 2009-11-07

Edward Harrison Nov 7, 2009

Warren Buffett And The G20 - The Baseline Scenario On dollars, commodities, China, imbalances and oligarchs A close look at the new antitrust allegations against Intel - Ars Technica Intel paid dell to limit AMD shipments. G20…

Jon Stewart spoofs Glenn Beck

Edward Harrison Nov 6, 2009

This is classic.

Political Economy

‘Buy American horror stories’ in Canada

Edward Harrison Nov 6, 2009

The Canadian daily National Post has a good piece out today that highlights how the ‘Buy American’ provision is being seen in Canada. Many see it as an affront that America could and would favor domestic firms over those of its…

Economy

FDIC shutters five more banks

Edward Harrison Nov 6, 2009

Of the five, United Commercial is pretty darn big ($11.2 billion in assets) United Commercial Bank San Francisco, CA As of October 23, 2009, United Commercial Bank had total assets of $11.2 billion and total deposits of…

Political Economy

China: we “will take steps to protect the interests of our domestic industries”

Edward Harrison Nov 6, 2009

China on Friday accused the US of protectionist and biased trade policies less than a week before president Barack Obama’s first visit to Beijing. In a stinging rebuke to Washington, China’s commerce ministry promised to take…

Economy

Intent and motive

Edward Harrison Nov 6, 2009

In my recent post about the capture of the Obama Administration by the financial services lobby, I said it was irrelevant whether they were deliberately looking to line the pockets of the banking industry. This is an important point as you…

Economy

Rosenberg: “the mother of all jobless recoveries”

Edward Harrison Nov 6, 2009

While I see the job numbers as pretty much what was expected, the data do make clear that we are seeing a major jobless recovery. David Rosenberg has a piece out today that goes right to the heart of the issue: All we can say is that if…

News

Links: 2009-11-06

Edward Harrison Nov 6, 2009

David Michael Green: Can You Hear Us Now? We still want change. Hat tip Lavrenti. Marc Faber has short term concerns about commodities, says gold may drop to US$800 - Business Intelligence Middle East Is this rally over the top…

Political Economy

The less optimistic view of Treasury’s handling of the crisis

Edward Harrison Nov 6, 2009

The Obama Administration is captured. To understand why it has acted as it has, one doesn’t have to take the view that its efforts to save the banking industry were a deliberate attempt to line bankers’ pockets by transferring money from…

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