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.

Political Economy

Sheila Bair talking to Bloomberg’s Al Hunt

Edward Harrison May 16, 2009

Yesterday, I mentioned an e-mail from the FDIC clarifying statements on replacing bank executives by Chairperson Sheila Bair on Bloomberg's "Political Capital with Al Hunt". Below is the video which will allow you to see exactly what…

Political Economy

Clarifying press inaccuracies to help clean up the banking system

Edward Harrison May 15, 2009

Today, I came across two attempts to clarify allegedly misleading articles in the press. Both clarifications were made in regard to how the banking system clean-up in the U.S. is proceeding. I will present them to you in as neutral a tone…

Economy

Insurance companies now feeding at the TARP trough

Edward Harrison May 15, 2009

If you were operating under the illusion that the financial services industry was going to receive less in political favors from the Obama Administration, then you should take a look at this Tech Ticker video. Yesterday, the insurance…

Monetary System

Marc Faber on passing the baton to emerging economies

Edward Harrison May 15, 2009

Marc Faber participated in a roundtable discussion on CNBC this morning about the dreadful figures coming out of Europe (see articles here and here). At one point, the German CNBC correspondent made a very good comment about Eastern Europe…

News

Links: 2009-05-15

Edward Harrison May 15, 2009

FT.com / Lex - The eurozone’s terrible recession "This has to be the worst of it. If it is not, then the eurozone’s prospects are grim indeed. The German economy shrank by 4 per cent in the first quarter compared to the last three…

News

Bedtime reading: 2009-05-14

Edward Harrison May 14, 2009

Swine flu vaccine won't be ready for next wave - health - New Scientist "A VACCINE against the Mexican swine flu sweeping the world is likely to arrive too late for most people, vaccine officials told New Scientist between a flurry of…

Monetary System

Ireland gets deflation

Edward Harrison May 14, 2009

For the time being, I am more worried abut the potential inflationary effects of quantitative easing than about the deflationary impact of deleveraging. But, the latest news from Ireland shows us that deflation is alive and well. This…

Markets

CNBC gives primer on counterparty credit default swap risk

Edward Harrison May 14, 2009

This is a very good explanatory piece from CNBC on how counterparty credit risk makes the credit default swap market a financial weapon of mass destruction. Note they are not talking about eliminating the CDS market, but merely…

Political Economy

A conversation with Elizabeth Warren on Charlie Rose

Edward Harrison May 14, 2009

We needed regulators like this when the bubble was being formed. Elizabeth Warren is truly a breath of fresh air.

News

Links: 2009-05-14

Edward Harrison May 14, 2009

Since I was off yesterday, I have a lot of links. Here is the first batch. I will try and post some more tonight. Enjoy. Geithner enriches speculators in "sham" bank bail-outs - Telegraph The US Treasury’s effort to stabilise the…

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