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

Credit quality deteriorates in 2009

Edward Harrison
This is just in from the FDIC (emphasis added below). It should make clear that the banking system is still weak: Credit quality declined sharply for loan commitments of $20 million or more held by multiple federally supervised…
Economy

The protectionism bogeyman

Edward Harrison
I have to admit to hyping the debate now swirling about protectionism. I believe that tariffs are not a very good solution to a trade problem as they are likely to result in retaliation and/or escalation. Moreover, they end up protecting…
News

News from around the web: 2009-09-24

Edward Harrison
Pay rules may prompt Goldman to shed bank charter | Reuters "Some investors believe Goldman Sachs Group Inc may try to shed its commercial banking charter to sidestep U.S. government efforts to rein in exorbitant Wall Street…
Monetary System

It’s the debt, stupid

Edward Harrison
Let’s say I run a company. For the sake of argument, we’ll call it a shoe store in New York City. I am making $100,000 net per year now. But, I look around me and see huge opportunity for growth. So I go to my bank and ask for a loan to…

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More