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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: 2009-07-25

Edward Harrison Jul 25, 2009

Bernanke: 25 mega-firms are systemically vital - MarketWatch That's a lot more than the biggest banks we hear about Economist's View: From 1983: Health Care Reform in Canada Echoes of the debate today in the US Eliot Spitzer:…

Economy

Seven more bank failures brings total to 64

Edward Harrison Jul 24, 2009

In truth this is really two failures, but one had six subsidiaries so it counts as seven. Here are the failures: The first bank is in New York. Waterford Village Bank, Clarence, New York, was closed by the New York State Banking…

Economy

Hugh Hendry: China – The Emperor has no clothes

Edward Harrison Jul 24, 2009

This is an astonishing video in China with Hugh Hendry, the money manager who is bearish on China who I profiled earlier this month. In it, he shows us building after building after building – all of them massive and all of them empty. …

Economy

Spain: Bleak forecast puts unemployment at 22% in 2010

Edward Harrison Jul 24, 2009

Citigroup has just released a forecast which is very troublingregarding employment and growth in the Spanish economy. With unemployment already having hit 17.9%, Citigroup expects layoffs to increase this to 22% in 2010. Below…

Economy

South Korea going gangbusters in contrast to UK

Edward Harrison Jul 24, 2009

The data being reported out of Asia is in marked contrast to what we are seeing in Europe and North America. Last week, I noted that Singapore had put up big numbers. China is also expanding robustly. Compare that with the data coming out…

Economy

UK economic data show worst contraction on record

Edward Harrison Jul 24, 2009

In the just finished second quarter of 2009, the UK economy was contracting a massive 5.6% from the year ago period. This is the worst performance since records began in 1955. What’s more, the data surprised to the downside, with the…

News

News from around the web: 2009-07-24

Edward Harrison Jul 24, 2009

Stop And Smell The Flowers -- The Scent Really Can Soothe Stress Japanese scientists have shown this. Comment: Why people don't act on climate change - New Scientist "People's attitudes towards climate change, even Pope's, are…

Economy

WSJ Video: The End of Wall Street – Part Two

Edward Harrison Jul 23, 2009

This is part two of the End of Wall Street series the Wall Street Journal is producing. Chapter Two of A WSJ series: What was going through the minds of CEOs, corporate boards, fund managers and mortgage lenders as they created…

Economy

A conversation with Peter Orszag on Charlie Rose

Edward Harrison Jul 23, 2009

Charlie spoke with Obama’s Director of the Office of Management & Budget yesterday. The video is below and it runs 30 minutes. Orszag talks about Obama’s health care reform proposal after the first 11 minutes taken up by…

Economy

Does positive growth in Q2 or Q3 mean the recession is over?

Edward Harrison Jul 23, 2009

Not necessarily. There’s a lot more to it than just GDP. Last year at almost exactly this time, I mentioned this in my post Recession while GDP is growing? because a lot of people were getting excited about the fact that Q2 GDP was…

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