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

News from around the web: 2009-10-30

Edward Harrison Oct 30, 2009

White House Will Not Be Told By The AP How Many Jobs The Stimulus Has Created - Dealbreaker Funny. Industrial output up 1.4% last month | The Japan Times Online More bullish data in Japan. What Exactly Is Going On…

Political Economy

Rosner: Financial Stability Act “single worst not-yet passed piece of legislation”

Edward Harrison Oct 30, 2009

Josh Rosner, a Managing Director at Graham Fisher & Company, an independent research for institutional investors in financial service assets, has some pretty strong words for the reform legislation proposed by the Obama Administration…

Markets

Portugal and Greece downgrades have silver lining in the reach for yield

Edward Harrison Oct 30, 2009

Yesterday, Moody’s cut the outlook for the sovereign debt of Portugal and put Greece on negative watch for a downgrade, signaling growing concern over spiraling debts. Just as with Spain and Ireland which I discussed yesterday, Portugal and…

Economy

US personal income data for September shows pullback

Edward Harrison Oct 30, 2009

The data released this morning by the U.S. Department of Commerce’s Bureau of Economic Analysis on personal income somehow managed to show weakness in income and consumption as well as savings. I see this as proof that Americans are…

News

Nationwide: British home prices now higher than a year ago

Edward Harrison Oct 30, 2009

The Nationwide monthly index of house prices came in this morning showing a 0.4% bump in October from September. While this was less than last month’s 0.9% rise, it was the sixth consecutive month of price increases and it marked the first…

Political Economy

Robert Johnson’s testimony expunged from Congressional records

Edward Harrison Oct 29, 2009

Robert Johnson, director of the Economic Policy Initiative of the Roosevelt Institute, has been extremely critical of the US Government’s handling of matters related to financial services. This past October 7, he gave testimony at the…

Political Economy

Spain: “we need to go back to 2000 wages and prices and start again”

Edward Harrison Oct 29, 2009

When it comes to the housing meltdowns in the richest economies, the US has been matched only by Spain, Ireland and the UK. All four countries have seen spectacular losses of wealth in the housing sector over the last two years. The…

News

News from around the web: 2009-10-29

Edward Harrison Oct 29, 2009

Finance and politics New Name Floated In Geithner Replacement Talks - Dealbreaker What up, bankster? Sorry, I know I said I wouldn’t be using that word but it’s in context and I had to say it. This will be the new Treasury lyrical…

Political Economy

Geithner testifies before Congress on financial reform

Edward Harrison Oct 29, 2009

I am listening to Treasury Secretary Tim Geithner answer questions before the House Financial Services Committee and he seems to be talking the talk, but his Administration is not walking the walk. The bill he is aggressively…

Markets

Saudis drop WTI oil contract

Edward Harrison Oct 29, 2009

This comes via the FT: Saudi Arabia on Wednesday decided to drop the widely used West Texas Intermediate oil contract as the benchmark for pricing its oil, dealing a serious blow to the New York Mercantile Exchange. The decision by…

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