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

Third quarter auto production to be significant boost to U.S. GDP

Edward Harrison Jun 30, 2009

Apparently, the U.S. auto industry is working off a significant backlog of inventory because I have been hearing that pretty much everyone in North America is planning to ramp up production for the third quarter. This is prima facie…

Markets

Chinese stock market bubble inflating

Edward Harrison Jun 30, 2009

As If you didn’t know this already, the wall of money being funnelled through Chinese banks is creating a massive speculative bubble in shares. The Telegraph reports: Under orders from the government, China's banks have flooded…

News

Links: 2009-06-30

Edward Harrison Jun 30, 2009

Moodys pone en perspectiva negativa cdulas hipotecarias de Bancaja y CAM - Finanzas Moodys is downgrading Spanish savings banks. There is still significant weakness in the financial sector in Spain. The Spanish desperately want a…

Markets

Case-Shiller Index: Less bad, but three markets cut in half

Edward Harrison Jun 30, 2009

The S&P/Case Shiller Home Price Indices for April 2009 were released today. The Composite-10 and Composite-20 indices showed a 18.0% and 18.1% decline respectively, making the data less bad than in the previous month. Nevertheless,…

Markets

UK house prices up for third time in fourth month

Edward Harrison Jun 30, 2009

On the same day that the worst economic growth numbers in the U.K. in 51 years, we also get some news that the British economy may be stabilising. Well, at least house prices seem to be stabilising as Nationwide reported a 0.9% increase in…

Political Economy

Ratigan, Spitzer and Huffington think Obama is captured

Edward Harrison Jun 30, 2009

Here is more from Dylan Ratigan’s new show on MSNBC. Arianna Huffington and Eliot Spitzer were guests. They all have noticed that Barack Obama has spent an inordinate amount of political capital and money on the financial…

Political Economy

Ratigan: Geithner and Summers as O.J. Simpson

Edward Harrison Jun 29, 2009

Dylan Ratigan, a former host on both Bloomberg Television and CNBC has a new gig over at CNBC. Ratigan has been especially harsh in criticizing the financial services industry and its role in the recent global meltdown. Below,…

Economy

China’s present growth story is built on malinvestment

Edward Harrison Jun 29, 2009

Late last year, I predicted that China, as a major exporter to the West, would feel a huge impact from the meltdown in the global economy, taking it’s growth rate down to 2% (See Top ten predictions for the 2009 global economy). Forgetting…

News

Links: 2009-06-29

Edward Harrison Jun 29, 2009

Unfortunately I was out this weekend and did not post the 5 bank seizures by the FDIC on Friday. They are below in the links. China's banks are an accident waiting to happen to every one of us - Ambrose Pritchard-Evans, Telegraph…

News

Links: 2009-06-28

Edward Harrison Jun 28, 2009

Bank of NY Mellon sees writedowns, 2009 profit: report - Reuters This is what I expect many banks to be saying later this quarter. Is Obama Edging Towards Bush-Like Indefinite Detention? - Michael Scherer, Swampland…

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