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.

Economy

Bank crisis for prostitutes

Edward Harrison Jul 4, 2009

Credit is still tight despite the low Libor rates and other signs that market stress has died down. Case and point is an item I ran across on the Norwegian site E24. Apparently, Amsterdam is losing revenue as its prostitutes in the red…

News

Links: 2009-07-04

Edward Harrison Jul 4, 2009

Happy 4th of July, America. I Know This Much Is True - Barrons.com An interview with "Random Walk" Author Burton Malkiel. He talks about China and more. The human cost of businesses entering administration is high -…

How Not to Use Fireworks

Edward Harrison Jul 3, 2009

In America tomorrow is July 4th, which is a big celebration. For a lot of people it means fireworks. But, fireworks are actually pretty dangerous. So before you go out and buy those illegal M-80s, you need to watch this…

Political Economy

Japanese defend dollar’s status while China tears it down

Edward Harrison Jul 3, 2009

In the lead-up to next week’s G8 summit, the Chinese have been making yet more noises about setting up a new monetary system without the dollar as its anchor and leading reserve currency. The Chinese, who have maintained a export…

Economy

WaPo cancels paid White House-Congress-lobbyist hook up

Edward Harrison Jul 3, 2009

Just when you thought things couldn’t get any more questionable in Washington, then along comes this (hat tip Tom). Washington Post publisher Katharine Weymouth said today she was canceling plans for an exclusive "salon" at…

News

Links: 2009-07-03

Edward Harrison Jul 3, 2009

Economist's View: Tom Keene's "On the Economy" Econoblogger and economics Professor Mark Thoma talks with Bloomberg's Tom Keene. Reforming American health care: Heading for the emergency room | The Economist America’s…

Economy

Independence Weekend Massacre: 7 banks seized

Edward Harrison Jul 2, 2009

Wow. The Feds sure know how to celebrate Independence Day. I went out for a couple of hours and four more banks were seized bringing the grand total to seven for the day and 52 on the year. Here are all the FDIC seizures for…

Economy

Failed bank 48: Rock River Bank

Edward Harrison Jul 2, 2009

This is the press release from the FDIC. Deposits of only $75 million. Small banks are seized, big banks get bailed out, of course. Rock River Bank, Oregon, Illinois, was closed today by the Illinois Department of Financial…

Markets

Manhattan real estate now getting decimated

Edward Harrison Jul 2, 2009

When we saw the Case-Shiller data for April on Tuesday, I noted that New York was the most overpriced metro area in the Composite-20 as prices there were still 70% above January 2000 levels. This is changing fast. Bloomberg…

Economy

Here’s bank failure 47: First State Bank of Winchester

Edward Harrison Jul 2, 2009

Another tiny little bank. Deposits of $34 million. The First State Bank of Winchester, Winchester, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation, Division of Banking, which appointed the…

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