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: 2009-06-01

Edward Harrison Jun 1, 2009

Welcome to June. Here are today's links. Susan Boyle, U.K. Talent Show Loser, Rushed to Clinic, Sun Says A break from the finance news for a little celebrity culture trivia: "Susan Boyle, who was runner-up in a U.K. television talent…

Economy

A conversation about Bear Sterns and the economic crisis

Edward Harrison May 31, 2009

Charlie Rose's site says of this video clip: A conversation about Bear Sterns and the economic crisis with Kate Kelly, author of "Street Fighters: The Last 72 Hours of Bear Stearns, the Toughest Firm on Wall Street" and William D. Cohan,…

Weekend movie clip: ‘Into the Storm’ on Winston Churchill

Edward Harrison May 29, 2009

This is the new Winston Churchill biopic hitting theatres. By the way, Churchill was of American descent by way of his mother (Wikipedia says he was the first foreigner made an honorary citizen of the U.S. as well).

Economy

I am banning ‘Green Shoots’

Edward Harrison May 29, 2009

You will never hear this term again on Credit Writedowns – not from me, not from Marshall or anywhere else. I am sick of hearing this phrase and am banning it for good – hoping it goes away and dies a gruesome and painful death.…

Business

Magna is going to get GM Europe

Edward Harrison May 29, 2009

You probably saw in my links that Fiat had bowed out because of German government demands. The Magna story also comes via the BBC: Canadian car parts maker Magna International is the preferred bidder for GM Europe, owner of Opel and…

Markets

Nationwide: U.K. house prices rise for second time in three months

Edward Harrison May 29, 2009

Is the housing market in the U.K. bottoming? Many pundits are talking as if it is and now we get the Nationwide data for May 2009 which shows a second rise in three months. I am sceptical that we are at a bottom, so let’s see what the…

News

Links: 2009-05-29

Edward Harrison May 29, 2009

Anglo Irish gets aid from Dublin 4 billion euros is a lot of dosh. The Irish banking crisis is obviously not over. Eurozone inflation at record low - BBC News "Prices in the eurozone stopped rising in May - with the annual…

Economy

GDP revised to down 5.7% for Q1 2009

Edward Harrison May 29, 2009

Below is the opening text to the U.S. government’s press release on the revised GDP numbers from the last quarter. I have highlighted the most relevant parts in bold. Overall, these revisions are not significant. The main…

Markets

The weak dollar trade regains momentum

Edward Harrison May 29, 2009

In five minutes we get GDP revisions. Here is what Brown Brothers Harriman’s currency team says is happening in markets ahead of that data. Basically, it is a resumption of the weak dollar trade with gold, oil and foreign…

Economy

A reader’s excellent comments on mark-to-market accounting

Edward Harrison May 29, 2009

I have had a number of posts on mark-to-market accounting in the recent past. Most recently, the posts have suggested that accounting is going to be favourable to banks and their quest to present a well-capitalized face to the world (see…

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