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

Links: 2009-07-15

Edward Harrison Jul 15, 2009

Sotomayor Surprises Sessions -- Taegan Goddard's Political Wire Another example of how the GOP must be careful to not look anti-Hispanic. James Galbraith Testimony on Fed Galbraith opines on Fed as super-regulator and other good…

Economy

Goldman crushes earnings estimates

Edward Harrison Jul 14, 2009

This comes via Bloomberg: Goldman Sachs Group Inc.’s second- quarter profit exceeded analysts’ estimates as record trading and stock underwriting led the company to its highest quarterly profit. Net income in the three months ended…

Markets

House price declines accelerate in Spain

Edward Harrison Jul 14, 2009

My translation below is of an article from the website Finanzas. House prices accelerated their decline in June, down 10.1% over the same month of 2008, which is three tenths more than the previous month, when housing fell 9.8%,…

Economy

Singapore puts in a huge quarter: up 20.4%

Edward Harrison Jul 14, 2009

Talk about V-shaped recoveries. Here’s one that’s actually for real. It’s in Singapore and it’s huge. Singapore appears to be emerging from its worst recession on record after the economy expanded at an annualised rate of…

News

Links: 2009-07-14

Edward Harrison Jul 14, 2009

Testing the Tesla Roadster Electric Sports Car - WSJ.com A muscle car that's electric? Yes. BerkShares, Buckaroos, and Bear Dollars: What Makes a Local Currency Tick? - Randy Wray More on California's IOUs as a currency. Whitney…

Markets

Partial recovery will mean new lows for stocks

Edward Harrison Jul 13, 2009

I have introduced the concept of a technical recovery to describe the anticipated weak recovery period that lies ahead. Van Hoisington and Lacy Hunt have a different term to remember: Partial recovery. They see the potential…

Economy

Sotomayor looks unassailable right now

Edward Harrison Jul 13, 2009

I listened to the first day of the Sonia Sotomayor confirmation hearings for a spot as a US Supreme Court justice. I was very impressed. The three who impressed me the most were Al Franken (D-MN), Arlen Specter (D-PA), and Sotomayor…

Economy

Is Meredith Whitney bullish now?

Edward Harrison Jul 13, 2009

Just when I was wondering where Meredith Whitney had gone, she’s back. But she has a whole new tone to her. In this interview on CNBC, she says she is expecting a monster number from Goldman (GS) tomorrow morning, in 2010 and in 2011. She…

Economy

Private citizens now printing money too

Edward Harrison Jul 13, 2009

Central banks are not the only ones printing money to help get through this financial crisis. Private citizens are increasingly turning to the printing press to help alleviate their financial problems as well. My translation of…

Political Economy

Personal story on devastating loss of health care benefits

Edward Harrison Jul 13, 2009

This was a front-page story at the Wall Street Journal today. It should bring home the problem with lack of benefits in America. Also see Mark Thoma’s post yesterday on health care called "The Hottest Places in Hell are Reserved…

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