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

Event risk in the Baltics is critically high

Edward Harrison May 28, 2009

This is the assessment of den Danske Bank as reported by Edward Hugh. The last time I mentioned the Baltics was on May 12th in my post “A bearish view on Eastern Europe.” I ended saying the Scandinavian banks’ exposure to the Baltics is…

Economy

U.S. initial jobless fall modestly, offering no new information

Edward Harrison May 28, 2009

If you thought jobless claims would fall off rapidly after a peak was made, you were mistaken because we seem to be in a holding pattern above 600,000. The weekly report for unemployment insurance claims in the U.S. showed 623,000 filing a…

Political Economy

A finance view of the political nature of the coming GM bankruptcy

Edward Harrison May 28, 2009

I was on the BBC yesterday talking autos and my commentary was almost entirely political. So, as we await the likely General Motors bankruptcy, I think it bears discussing how political this process has been and will continue to be.…

News

Links: 2009-05-28

Edward Harrison May 28, 2009

Meredith Whitney Offers Measured Hope To Brown Youth, Professes To Hate Coed Bathrooms - Dealbreaker When is Dartmouth going to put me on its cover? You know, I was all set to go to Brown too but the whole co-ed bathroom thing freaked…

Economy

Marc Faber: “I am 100% sure that the U.S. will go into hyperinflation”

Edward Harrison May 27, 2009

Basically, Faber believes a rising tide of quantitative easing is going to buoy stock markets globally and the global economy (at least for the medium-term). However, later in that same interview, Faber makes his most quotable statement…

Business

GM headed for bankruptcy

Edward Harrison May 27, 2009

GM Bondholders are not happy about the GM deal because the government seems to be running the same scheme where senior bondholders get a serious haircut while other constituents like the union and the federal government get more. Chrysler…

Economy

Marc Faber: “it’s very tough for a forecaster who was ultra-bearish to stay…

Edward Harrison May 27, 2009

In the wake of the huge consumer confidence number that caused U.S. markets to rally yesterday, Marc Faber is still singing from the same songbook that I am: delayed end to the recession and a weak recovery. See the video below. The…

Economy

U.K.’s Nationwide releases robust earnings and capital report

Edward Harrison May 27, 2009

On the face of it, Nationwide’s earnings report looks extremely good: 15% Tier 1 Capital, Pre-tax profit of nearly £400 million. Given this financial institution’s leverage to the residential housing market, their results stand in…

News

Links: 2009-05-27

Edward Harrison May 27, 2009

Obama's Pick, From The Start - Marc Armbinder "The process ended where the President started. In November, a few days after he was elected President, Barack Obama convened some of his most trusted advisers in a private meeting for an…

Markets

Whitney Tilson of T2 Partners, a new media darling, strikes a bullish tone

Edward Harrison May 26, 2009

Actually, I lied. He really is not that bullish at all. But he does sound relatively upbeat by comparison to 5 months ago. I have seen Whitney Tilson of T2 Partners a lot in the media of late. The two most recent…

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