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

Jobless claims: curiously large drop in unadjusted number

Edward Harrison Sep 17, 2009

The jobless claims numbers have been telling us the same thing for weeks now, namely that the employment market is still weak but that layoffs are gradually slowing. But, the unadjusted number of initial claims dropped 59k last week…

News

News from around the web: 2009-09-17

Edward Harrison Sep 17, 2009

Ireland to Pay 54 Bln Euros For "Bad Bank" - NYTimes.com "Finance Minister Brian Lenihan told parliament on Wednesday that the government would demand a 30 percent haircut for parking commercial property loans with a…

Economy

The recession is over

Edward Harrison Sep 16, 2009

via the Hartford Courant (Hat tip Scott).

Economy

Roach: The west went on a “drunken binge of excess consumption”

Edward Harrison Sep 16, 2009

Stephen Roach doesn’t mince words. He calls monetary policy during the bubble years “reckless and irresponsible” and he thinks politics is thwarting any meaningful regulatory reform, a view I also hold. I think the point of Roach’s…

Political Economy

Sheila Bair explains FDIC strategy to Bartiromo

Edward Harrison Sep 16, 2009

Bair spoke to CNBC’s Maria Bartiromo about the Fed as a single regulator, her agency’s available capital, premiums for deposit insurance, FDIC seizures, private equity buyers and much more. The video is below and runs just under 11 minutes.…

Hitler finds out Kanye West dissed Taylor Swift

Edward Harrison Sep 16, 2009

In case you didn’t see the video already of Kanye behaving badly, I posted it as my distraction of the day yesterday. Watch that video and you will be up to speed – pretty outrageous. Below is a Kanye West-inspired dub over of the…

News

News from around the web: 2009-09-16

Edward Harrison Sep 16, 2009

Wells Fargo fires executive who partied at repossessed Malibu mansion "For an executive at the US bank Wells Fargo, a repossessed $12m beach house in southern California proved just too tempting. The financial institution has fired…

Economy

Lessons from Lehman

Edward Harrison Sep 15, 2009

Everyone is running with his or her own “Lessons from Lehman” post as if we have actually learned anything from the financial crisis – and as if it is already over and behind us. Well, I have some lessons learned for you via Dharma Joint…

Political Economy

Steve Keen and the spectre of terminal debt

Edward Harrison Sep 15, 2009

Say I'm a politician and I am concerned about my re-election prospects in 2010. I have been a member of Congress for seven years now and have developed a good reputation as a reform-minded economic realist willing to listen to a…

Economy

Judge Rakoff says BofA-SEC deal suggests collusion

Edward Harrison Sep 15, 2009

Below is a good video analysis by Jess Bravin of the Wall Street Journal on the BofA-Merrill Lynch saga. Bravin discusses the recent rejection by Judge Jed Rakoff of the out-of-court settlement between the SEC and Bank of America…

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