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.

Markets

Commodities are getting killed

Edward Harrison Jul 6, 2009

This morning, stock markets are down in Asia and Europe. And Futures show a likely decline in the U.S. What’s happening? I think we are seeing the March rally hitting the wall as the technical recovery everyone is…

Business

GM gets the green light on its section 363 bankruptcy

Edward Harrison Jul 6, 2009

Judge Robert Gerber has given General Motors approval to sell its assets under section 363 of the bankruptcy code. Last month I indicated that this 363 sale was more questionable than Chrysler’s and could meet more resistance in…

Business

China wants all of Repsol’s Latin American oil assets

Edward Harrison Jul 6, 2009

You have probably heard the stories about China National Offshore Oil Company (CNOOC) bidding for Repsol YP'F’s Argentine assets in a quest for more natural resources for China. Well, apparently, the Chinese want a lot more than just…

Economy

UBS: ‘The disaster in Spain will continue’

Edward Harrison Jul 6, 2009

This is a translation of a Spanish-language article from Finanzas. For UBS, there is no debate about the economy’s green shoots despite the improvement in employment and the slowest fall in consumption and industrial production. In a harsh…

News

Links: 2009-07-06

Edward Harrison Jul 6, 2009

Beijing Auto bids $1.16bn for Opel: GM Protectionism says this won't happen Another Boost for the Economy? - Mark Thoma Reactions to Obama's failed stimulus. China won't press for new global currency at G8 Looking for…

Markets

David Tice: All bearish, all the time

Edward Harrison Jul 5, 2009

I love this guy. If you are looking for a guy who is super bearish on the U.S., then David Tice is your man. He sees unemployment at 15%, stocks well down from present levels and a serious Depression with a Capital-D in the…

Economy

Technical recovery won’t feel like a recovery to most

Edward Harrison Jul 5, 2009

Everyone is trying to gauge when a ‘recovery’ is going to occur in the United States and globally. Some see imminent recovery. Other like myself see a late-2009 or early-2010 recovery. Yet others, including most readers of this site, see no…

Economy

Sweden: negative interest rates and quantitative easing

Edward Harrison Jul 5, 2009

In the clearest signal yet that we are still in a potentially devastating global deflationary spiral, The Riksbank, Sweden’s central bank and the world’s oldest central bank, has effectively cut interest rates to minus 0.25% and has started…

News

Links: 2009-07-05

Edward Harrison Jul 5, 2009

I hope people had a safe and happy fourth. Profiting from an Irvine bank failure - Mortgage Insider - OCRegister.com Interesting look into FDIC procedure Bank of England's Monetary Policy Committee considering expanding quantitative…

Political Economy

Happy 4th of July: Jimi Hendrix version

Edward Harrison Jul 4, 2009

Happy 4th of July everyone.

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