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: 2009-07-30

Edward Harrison Jul 30, 2009

As U.S. recession bites, Ohio hopes fade for Obama | Politics | Reuters Yet another piece of bad news for Obama Obama Ratings Slide Across the Board -- Taegan Goddard's Political Wire Will this change anytime soon? Ambassadorships…

Economy

Marc Faber: China’s numbers are fake

Edward Harrison Jul 30, 2009

Late last year, I anticipated that the global slowdown would bring China’s GDP growth down to 2%, a level that would make most nations envious but which would have been catastrophic for China. In the end, robust government stimulus…

Economy

Jobless claims up another 25,000 in US

Edward Harrison Jul 30, 2009

The US Department of Labor released data showing that 584,000 people filed initial claims for unemployment insurance this past week. This is up sharply from the upwardly revised 559,000 last week and 524,000 two weeks ago. The…

Markets

Nationwide: UK house prices up strongly for third month

Edward Harrison Jul 30, 2009

UK house prices have now risen for three months consecutively and four months in five according to statistics released by Nationwide Building Society this morning. The rise for July was a very robust 1.3% month-on-month, which translates…

Blogs

Feed is broken

Edward Harrison Jul 30, 2009

My RSS Feed is spitting out 25 posts an hour for some reason. I apologize for the nuisance. We are working to fix it.

News

New nightly news from around the web: 2009-07-29

Edward Harrison Jul 29, 2009

I am switching the links pattern to a nightly post to accommodate a new automated e-mail newsletter delivery. Let me know if this works. Cheers. Edward Swimming pools on foreclosed properties could harbor West Nile virus…

Economy

GDP benchmark revisions coming on Friday

Edward Harrison Jul 29, 2009

On Friday, when the BEA reports the initial 2nd quarter GDP numbers, it will do so based on completely revised historical data. Expect some surprises. What is coming on July 31st is what is known as benchmark revisions of the…

Economy

Germany gets deflation

Edward Harrison Jul 29, 2009

The list of countries with deflation is growing by the month. We have Spain, Switzerland, Britain, Ireland. Now add Germany. German consumer prices fell for the first time in 22 years in July, official figures have shown.…

Markets

Revisiting Case-Shiller and seasonal adjustments

Edward Harrison Jul 29, 2009

Yesterday, I mentioned that the housing data, while generally positive (the first uptick nationally in 34 months), contained some negative news due to seasonality. The crux of the problem lies in the strong tendency for house prices to…

News

News from around the web: 2009-07-29

Edward Harrison Jul 29, 2009

Rio Tinto executive arrested in China 'was protester in Tiananmen Square’ – Telegraph worked for a state-run company, was forced to quit over Tiananmen Square. Harvard Professor Says Some Stupid Things – 538 Differences…

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