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: 2009-08-03

Edward Harrison Aug 3, 2009

Unconscionable Math - Taunter Media The math of denying health insurance retroactively The scope -- and dangers -- of GE's control of NBC and MSNBC - Glenn Greenwald - Salon.com This is what happens when corporations control media…

Economy

ISM shows manufacturing sector close to recovery

Edward Harrison Aug 3, 2009

Today the July 2009 Manufacturing ISM Report On Business was released and the widely followed PMI Index came in ahead of expectations at 48.9. Any number below 50 represents contraction, so this figure shows that the manufacturing sector…

Economy

SEC charges BofA of lying to investors over Merrill but settles

Edward Harrison Aug 3, 2009

Bank of America’s story in the BofA-Merrill saga has always sounded dubious at best. Ken Lewis has always claimed he was doing what was right by shareholders and America, that Gentle Ben and Hammering Hank coerced him into the Merrill…

News

Nighttime reading: 2009-08-02

Edward Harrison Aug 2, 2009

I am actually on holiday in Canada for the next two weeks. So posting is apt to be light. I apologize if I don’t respond diligently to e-mails. I am looking forward to this because the weather here (Simcoe County, Ontario) is amazing…

Economy

What does a double dip recession look like?

Edward Harrison Aug 2, 2009

On Friday, in reporting on second quarter GDP statistics, I wrote with some skepticism about the underlying consumer demand which would underpin a sustainable recovery. I do feel that the stage is set for recovery; Alan Greenspan…

News

News from around the web: 2009-08-02

Edward Harrison Aug 2, 2009

Kinder, Gentler Banks? It Wasn’t in the Deal - NYTimes.com Good effort on what banks owe taxpayers. But, still not quite there. Hat tip Yves Smith. Financial Armageddon: Jenga Time in CRE CRE is the next big writedown time bomb.…

Economy

A conversation with Robert Shiller on Charlie Rose

Edward Harrison Aug 2, 2009

Economist Robert Shiller of Yale University provides Charlie Rose an update on the economic crisis, focusing on the housing market and the data from his recent reports.

Economy

Five banks seized in FDIC Friday night special

Edward Harrison Jul 31, 2009

Here are the latest FDIC seizures: First State Bank of Altus, Altus, Oklahoma Total assets of $103.4 million and deposits of approximately $98.2 million Estimated cost to the Deposit Insurance Fund (DIF): $25.2 million. Integrity…

News

News from around the web: 2009-07-31

Edward Harrison Jul 31, 2009

Sorry for the lack of posts today. I have been travelling. Have a great weekend. Edward. Vacancy rate for offices reaches an 18-year high - Independent.ie CRE is a major problem in Ireland too HSBC May Post Loss on $15 Billion Bad…

Economy

US GDP comes in at minus 1%

Edward Harrison Jul 31, 2009

Down 1.5% was the consensus expectation. But Q1 was revised down to minus 6.4% from 5.5%. The GDP Deflator for Q2 came in at 0.2%, which shows that disinflation risks tipping into deflation still. The dollar is weaker and the short…

Previous 1 … 557 558 559 560 561 … 779 Next